Aug 3, 2018

[Answer] What is the most significant threat to the relatively high standard of living people are accustomed to in the United States?

Step 1 : Introduction to the question "What is the most significant threat to the relatively high standard of living people are accustomed to in the United States?"



...The middle-class squeeze is the situation where increases in wages fail to keep up with inflation for middle-income earners leading to a relative decline in real wages, while at the same time, the phenomenon fails to have a similar effect on the top wage earners. People belonging to the middle class find that inflation in consumer goods and the housing market prevent them from maintaining a middle-class lifestyle, undermining aspirations of upward mobility. In the United States, middle-class income is declining while many goods and services are increasing in price, such as education, housing, child care, and healthcare




Step 2 : Answer to the question "What is the most significant threat to the relatively high standard of living people are accustomed to in the United States?"



The decline of the middle class:


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