Nothing hits a middle class family harder or faster than the loss of income. In last night’s seminar on the middle class, Yale political scientist Jacob Hacker showed that over the past generation incomes have become more volatile—specifically, that the odds of a family facing a drop of 20% or more in their annual income has more than doubled since the 1970s.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250026