By John Hagney
It would be a hardship for half of all Americans to afford a $400 emergency expense. – 2019 Federal Reserve Study
During two decades following World War II, moderation in American politics was predicated on a muscular middle class. The 1970-2020 dissipation of this “vital center” is reflected in continuing economic insecurity that oppresses most Americans, especially among those without college educations representing two-thirds of workers, and the present polarized political landscape.Beginning with the 1970s oil crises, the industrial heartland rusted, caused initially by increased demand for fuel-efficient Japanese automobiles. Prior to this, about 16% of American […]
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