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During a recent interview with Aaron Task of The Daily Ticker, Sherle Schwenninger discussed the "sobering facts" of what the midde class in America are currently experiencing.
Schwenninger pointed out that "The middle class is shrinking, which threatens the social composition and stability of the world's biggest economy." He continued to say "I worry that we're becoming a barbell society - a lot of money wealth and power at the top, increasing hollowness at the center, which I think provides the stability and the heart and soul of the society... and then too many people in fear of falling down."
Interesting.
Franklin D. Roosevelt is credited with saying "In politics, nothing happens by accident. If it happened, you can bet it was planned that way." Think we can apply that to Schwenninger's take on the disappearance of the middle class?
