Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
No Recovery For The Middle Class
Posted
June 12, 2016
Views
129,311
Likes
4,177
Comments
1,384
Engagement
4.30%
June 12, 2016
129,311
4,177
1,384
4.30%
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7:56Now PlayingScary chart time. Over the past fifteen years the American middle class has been gutted. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"People are angry. Voters demanding change have helped make Donald Trump the presumptive Republican nominee for president and fueled Bernie Sanders’ ferocious challenge to Democrat Hillary Clinton.
But what are they angry about? Ask and you’ll hear about Washington gridlock, Wall Street greed, trade, stagnant pay, immigration. To me one huge factor is obvious when you look at the chart below. It shows how much wealth has been lost — at least among those who weren’t rich to begin with...
It’s not news that incomes have stagnated. (A new Pew Research Center analysis finds the middle class as defined by income shrinking in 203 out of 229 metro areas.) It’s well known that the Great Recession took a big bite out of people’s home equity and retirement accounts.
What’s gotten a lot less attention is the huge slide in wealth that started well before the housing market cratered in 2007.”*
Read more here
Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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