Economy: January 2006 Archives

Editorial Note: In spite of impressions and mass media propaganda to the contrary, American middle class families in fact are not progressing economically, suggesting capitalist economics is failing if not exploiting most Americans, not really enriching their lives. American males on average earn less than they did a generation ago, and even with wives and mothers bringing in a second paycheck families are not secure. Those with two incomes have $1500 less in discretionary spending per year than one-income families from 30 years ago. Nor are American families spending more on luxuries. Elizabeth Warren explains.