Sunday, May 07, 2006

GROWING INCOME GAP SUGGESTS SHRINKING MIDDLE CLASS

GROWING INCOME GAP SUGGESTS SHRINKING MIDDLE CLASS - Yahoo! News:

"Then there are the families who are wiped out by a catastrophic illness or injury -- a child's leukemia, a father's fall from a ladder. Even a health insurance policy that pays 70 percent of hospital costs can leave a working family struggling to pay the rest if the bill is big enough. Drug costs for chronic illnesses can also drain the finances of average families.

Neither the president nor his economic advisers seem to see those ugly realities beneath the relatively good unemployment numbers. (For that matter, neither do highly paid journalists in the Washington-New York corridor. On political ommentary shows, they, too, often express surprise that Americans are not more optimistic about the economy.) The income gap keeps growing, and Bush and his team have lost sight of the have-lesses."


All too painfully true - and for far too many of us. Something needs to be done about this situation!

No comments: