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Families Go Deep in Debt to Stay in the Middle Class | The Wall Street Journal

Families Go Deep in Debt to Stay in the Middle Class | The Wall Street Journal

The American middle class is falling deeper into debt to maintain a middle-class lifestyle.

Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner of the consumer economy.

 

Source: Families Go Deep in Debt to Stay in the Middle Class | The Wall Street Journal

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