Corporations Tailoring Product Lines To Reflect Growing Income Inequality

by Guest Tue Sep 13, 2011 9:07 am

The erosion of middle-market product lines reflects a trend where economic pressures are making it increasingly harder for Americans to maintain a traditional middle-class existence. Jobs are less secure, home ownership rates are falling and a college education is not the guarantee of financial stability that it once was. A recent study from the Pew Charitable Trusts found that more than a quarter of Americans who were raised in middle-class families in the late 1970s had fallen into the lower-earning classes by 2006.

http://www.huffingtonpost.com/2011/09/12/income-inequality_n_958472.html?ref=mostpopular

by TOO OLD TO HIRE IN PA Tue Sep 13, 2011 11:35 am

This is so very true. I have definitely noticed that clothing and accessories have skyrocketed. Items that we could afford years ago are now not in our reach. I was watching QVC the other day and they were pretty much for the middle class, but now even they are catering to high end-clientele. The reason is the middle class has been treated like dirt with regard to salary increases over the years. Hence the old saying: "The Rich Get Richer".