If this does not belong here please move it mod...
You can find the whole study here and the studies findings here: Middle Class Death Watch -- 33 Frightening Economic Developments | Economy | AlterNet".....according to a study released those already in financially-stable circumstances should fear falling down a few rungs too. The study… found that nearly a third of Americans who were part of the middle class as teenagers in the 1970s have fallen out of it as adults… its findings suggest the relative ease with which people in the U.S. can end up in low-income, low-opportunity lifestyles — even if they started out with a number of advantages. Though the American middle class has been repeatedly invoked as a key factor in any economic turnaround, numerous reports have suggested that the middle class enjoys less existential security than it did a generation ago, thanks to stagnating incomes and the decline of the industrial sector.”
“The idea that children will grow up to be better off than their parents is a central component of the American Dream, and sustains American optimism. However, Downward Mobility from the Middle Class: Waking up from the American Dream finds that a middle-class upbringing does not guarantee the same status over the course of a lifetime. A third of Americans raised in the middle class—defined here as those between the 30th and 70th percentiles of the income distribution—fall out of the middle as adults.”
Its a lenghty report but is defiantly worth a read... I know a bunch on the right will probably just play it off as "being from Alternet so everything it says must be false" but instead of saying that please try to refuet the study with facts and what not... The middle class is defiantly dwindling and its time for a serious middle and working class movement needing to rise up...