April 23, 2014
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*The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax middle-class incomes in Canada — substantially behind in 2000 — now appear to be higher than in the United States. The poor in much of Europe earn more than poor Americans...* How about Sweden, Norway, Finland, Britain, Ireland, and the Netherlands? The Young Turks host Cenk Uygur breaks it down.
*Read more here from By David Leonhardt and Kevin Quealy at NYtimes.com
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