Upper-middle class feeling the ill-effects of Trump's economy as top 1 percent continue to benefit:
By Tom Boggioni at Raw Story
https://www.rawstory.com/2019/04/upper-middle-class-feeling-ill-effects-trumps-economy-top-1-percent-continue-benefit-report/amp/
"SNIP.....
According to a report at Bloomberg, Americans who consider themselves part of the upper-middle class are starting to feel an economic “pinch” under President Donald Trump while the top 1 percent continue to increase their fortunes.
The report notes that upper-income households are finding the economy is not their friend as prices increase and their incomes — like those of the less-well-off — are not keeping pace.
“Newly available net worth data from the Federal Reserve suggests that the ‘left-behind’ contagion has spread to all Americans aside from the top 10 percent,” Bloomberg report. “While still wealthier overall than most other groups, even the upper-middle class is feeling the pinch of income stagnation. The growth rate of this group’s incomes is lagging behind that of those both lower and higher on the socioeconomic ladder.”
The data shows that wealthier families are increasing their debt loads to keep pace — and that debt is much more costly in the form of overuse of credit cards.
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= new reply since forum marked as read
the working poor will ride to their rescue and bail them out of that credit card/new car debt.
It's what we do.
For some foolish reason.
Now excuse me, cocktails are being served on my 10 foot jonboat. 
