This June, it will have been seven years since the official end of the “Great Recession,” which began in December 2007. Pundits and politicians continue to laud what US president Barack Obama called in February “the strongest, most durable economy in the world,” boasting of soaring stock prices and allegedly low unemployment. And yet, in 2008, 35% of Americans self-identified as “lower class.” In 2015, 48% of Americans claimed that title, according to a 2015 Gallup poll. Similarly, the number of Americans self-identifying as “upper-middle to middle class” dropped from 63% from 2008 to 51% in 2015.
By: Sarah Kendzior, Quartz
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