Sluggish growth is no mystery: No one has any money
July 11, 2011 10:21 AM Subscribe
The housing bubble was the last chance most middle-class families saw for grasping the brass ring. Working hard didn’t pay off. Investing in the stock market was a sucker’s bet. But the housing bubble allowed middle-class families to dream again and more importantly to keep spending as if they were getting a big fat raise every year.
- How the Bubble Destroyed the Middle Class
posted by Slap*Happy (205 comments total)
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