Daily News Channel
After recent set backs to the economy it is being estimated that the average family lost approximately 40% of their wealth. James Carville is a Democratic strategist who serves as a political contributor for CNN. After speaking about the the average loss, he briefly theorized what the consequences would be if the rich lost 40% of their wealth as well. […]
Last Friday, Vice President Joe Biden and seven White House officials traveled to Philadelphia to kick off the inaugural gathering of President Obama’s Middle Class Task Force. The task force will convene monthly in cities across the country to confront the problems faced by average Americans. It’s an admirable goal; with rising costs, stagnant wages and job cuts, a Pew Research study found that 78% of self-described middle class Americans have trouble maintaining their current standard of living