The middle class falls behind during 'lost decade'
President Obama discusses middle class tax cuts with Jason McLaughlin, his wife, Ali, and their 4-year-old son Cooper at their home in Cedar Rapids, Iowa
August 23rd, 2012
12:16 PM ET

The middle class falls behind during 'lost decade'

By Tommy Andres, CNN

(CNN) - California resident, Mike, says he has to keep working to get by, but at 58 he’s starting to feel too old. He considers himself in the middle class, but jokes he’s probably in the “lower part:”

[:14] “I’m just scratching along, man. I’m in a hole so deep I’m still trying to get out.”

Since World War II, American families have gotten richer every decade. That is until 2000.

The last ten years have been tough on the entire country, but with half of Americans describing themselves as middle class, both presidential campaigns have been honing their messages to a group that is receiving less of the economic pie than ever before. A group that includes people like Mike.

A new Pew Research Center survey finds that 85% of Americans who describe themselves as middle class say it’s now harder for middle class people to maintain their standard of living.

Pew says these Americans blame banks, big business, and both President Bush and President Obama, depending on party affiliation. But according to study co-author Paul Taylor, the middle class unites when weeding out the biggest culprit:

[2:34] “When it comes to Congress, there is total bi-partisan agreement. Everybody is ready to point the finger at Congress.”

soundoff (3 Responses)
  1. Matthew Higgins

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    August 28, 2012 at 11:38 am | Report abuse |
  2. John

    The blame is somewhat on ourselves. We vote for people like Mitt Romney and George Bush, who do NOT represent the middle-class working American. We have been brainwashed by waving flags and catchy sounding country songs, and we believe that corporations should be able to pour billions of dollars into our elections unencumbered. Well, we got what we asked for... now let's see how it turns out.

    August 27, 2012 at 2:07 pm | Report abuse |
  3. gahh

    GW Bush wanted privitization and globalization, and didn't care who he hurt, because of his disregard of the the middle class, and his love of the rich. Now the ignorant Republicans are wanting to put another Bush, back in the White House. Just stupid.

    August 25, 2012 at 7:37 pm | Report abuse |