The Sharp, Sudden Decline of America’s Middle Class

When floodwaters cover our homes, we expect that FEMA workers with emergency checks and blankets will find us. There is no moral or substantive difference between a hundred-year flood and the near-destruction of the global financial system by speculators immune from consequence. But if you and your spouse both lose your jobs and assets because of an unprecedented economic cataclysm having nothing to do with you, you quickly discover that your society expects you and your children to live malnourished on the streets indefinitely. That kind of truth, says Nancy Kapp, “really screws with people’s heads.”

The Sharp, Sudden Decline of America’s Middle Class by Jeff Tietz