The Wall Street Journal
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The U.S. Middle Class Is Struggling With Financial Savings, Market Losses and Debt
Posted
July 22, 2022
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12,025
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July 22, 2022
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3:13Now PlayingMiddle-class Americans are being squeezed on both sides, bearing the brunt of 40-year high inflation and historic selloffs in both the stock and bond market. Data show that middle-income Americans have built up less savings, lost more in the market downturn and face higher average inflation.
We'll illustrate with charts that show how the middle class has cut into its savings, lost more in the market downturn and has seen its liabilities rise significantly. I'll explain what's happening and why.
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
#MiddleClass #Economics #DionRabouin
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