Opinion Columns & Blogs

Recovery is leaving middle class, poor behind

The national economy has been growing, so why hasn’t it felt like it to most Americans? It’s because nearly all those gains – 95 percent of them, according to one study – have gone to the top 1 percent. Not only that, median net worth is actually lower today, adjusted for inflation, than it was in 1989, the Washington Post reported. The main reason is that most middle-class Americans were hurt by the housing bust and haven’t gained from the stock-market boom. – Phillip Brownlee