August 23, 2010

Disappearance of the Middle Class?

I'm seeing more articles like this one, decrying the disappearance of the middle class and suggesting that in the future, Americans will either be poor or very rich, with the overwhelming majority falling into the first category.

No one can predict the future, of course. But if we prepare our kids by teaching them to live frugally and to maximize their income, they'll be more comfortable than if they were never taught how to do these things.

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