The American middle class is already in a recession.
Today’s jobs report showed the economy slowing after years of the middle class being hammered by inflation. More importantly though, the cumulative real wealth of the middle class has fallen by over $2 trillion in the last year. That fall means an average loss of $33,000 in real wealth per middle-class household.
That’s a recession for the middle class, and the result of Bidenomics.
