vy65
08-22-2012, 02:22 PM
Who is to blame? The middle class blames Congress as the lead culprit for its demise, but blames itself least of all. While 62% of middle class respondents to the Pew survey blamed Congress for their worsening state, 54% blamed banks and financial institutions, 47% blamed corporations, 44% blamed the Bush administration, 39% blamed foreign competition and 34% blamed the Obama administration. Just 8% of all respondents blamed the man (or the woman) in the mirror.
Going forward, less than one-fourth (23%) of the middle class respondents said they were "very confident" that they would have enough money to get through retirement. Some 43% said their children's standard of living would be better than their own, compared to 51% in a 2008 survey. Some 26% of respondents said their children's standard of living would be worse than their own, compared to 19% in a 2008 survey.
"Middle-class Americans look to the economic future - their own, their children's, and the nation's - with a mix of apprehension and muted optimism," the report said.
http://money.cnn.com/2012/08/22/news/economy/middle-class-pew/
Going forward, less than one-fourth (23%) of the middle class respondents said they were "very confident" that they would have enough money to get through retirement. Some 43% said their children's standard of living would be better than their own, compared to 51% in a 2008 survey. Some 26% of respondents said their children's standard of living would be worse than their own, compared to 19% in a 2008 survey.
"Middle-class Americans look to the economic future - their own, their children's, and the nation's - with a mix of apprehension and muted optimism," the report said.
http://money.cnn.com/2012/08/22/news/economy/middle-class-pew/