The Presidential Daily Brief

intriguing

  1. American Middle Class Kicked Off the Podium

    Once the richest in the world, the American middle class has now been outstripped by Canada and several European countries. While the American economy has grown steadily, New York Times data suggests that only the wealthiest Americans are reaping the rewards. Since 2000, median income in both Canada and the U.K. has risen by nearly 20 percent, but it’s inched up by just 0.3 percent in the United States. According to the Times, the middle American lag could be linked to poor educational attainment, unequal allocation of company profits and lack of income redistribution.  

    Sources: NYT, TIME

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