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Saturday, July 31, 2010

The Crisis of Middle-Class America

I read an article in the Financial Times today about a few families at various parts of the country with very similar problems.  These families were very hard working (some working 4 jobs) and were just weeks away from being out on the streets.  They are considered the middle class, but are struggling to make ends meet.  One family had been behind in their house payments by 3 months and the bank has tried to foreclose on them.  I find this an interesting article, because it make forces me to think of what will happen to these decent, hardworking people when next years tax increases come.  Will the proposed tax increase be the straw that breaks the camels back?  I certainly hope not.
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