Want Daily SOF News Articles and Job Listings Delivered to Your Inbox?
The Shrinking Middle Class: The Current State of Affairs | Fortune

The Shrinking Middle Class: The Current State of Affairs | Fortune

Most Americans consider themselves part of the “middle class,” but no one can agree on what term that means. The problem? If sizing up the middle class is difficult enough, it’s even harder to say that circumstances within this group have changed. But they certainly have. As you’ll discover in this Fortune special report, life has gotten more difficult for the millions of people within the middle class. We dispatched more than 50 people to discover why the American dream has been fading for far too many.

In this section, we examine the current state of affairs by speaking with the people affected most by it. What we learned: Chasing the American dream was once exhilarating; now it’s exhausting.

When Umbelina Martinez’s family first came to the United States decades ago, from ­Michoacan, Mexico, they settled in a three-bedroom house in Redwood City, Calif. It wasn’t all theirs; 25 people lived on the property, sharing a single bathroom. Martinez’s family of eight squeezed into one bedroom. “My mom and dad had to step over us kids to get to the door,” she recalls.

Source: The Shrinking Middle Class: The Current State of Affairs | Fortune

 

%d bloggers like this: