Remember the American Dream? Wast it just a dream of prosperity and a white picket fence? The American middle class, who bought into it, seem to be vanishing as fast as their mortgages. In 1970, GM was the largest American employer of high school educated people with an average wage of $17.50 an hour. Today, 38 years later, Wal-mart is the nation’s largest employer. Average wage? $9.00 an hour.
Learn more about our money troubles by the Generation Debt author.
If you enjoyed this post, make sure you subscribe to my RSS feed!