The Middle-Class Squeeze

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Serial Number
Levin Center Identifier
Document Date
2006-09-21
Report Length
9 pages
Policy Agendas Project Major Code
Policy Agendas Project Minor Code
Additional, Minority, Dissenting Views
Found Using Methodology
Yes
Commission(s)
Idependent Author(s)
Brief Executive Summary
The Special Investigations Division of the House Committee on Oversight and Government Reform highlights the economic challenges facing middle-class families during President Bush's tenure, noting declines in real incomes alongside rising costs for essential expenses like health insurance, energy, and education. For the median family, real annual incomes have fallen by 2.7%, while costs for health insurance, gasoline, and college education have surged by 48%, 57%, and 39%, respectively. This combination of declining incomes and increasing expenses has resulted in a significant squeeze on the middle class, with real expenses outpacing income growth, leading to a decrease in the standard of living.
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Authors–Staff Members
Authors–Ex Officio Members
Authors–Additional, Minority, Dissenting Views
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