The Vanishing Middle Class: How Economic Shifts and Tax Policies Have Widened the Wealth Gap
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After WWII, the middle class prospered with most able to survive on one salary, own a home and car, and save for retirement.
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The 1970s gas crisis, shift to efficient foreign cars, and emergence of two-income households started the middle class decline.
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Tax policy has contributed to the wealth gap between the middle class and upper class.
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Data shows contradictory trends on whether the middle class is shrinking or moving up.
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To build wealth, improve credit score, save to invest, invest consistently long-term, and avoid emotional decisions.