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May 2, 2013 at 2:03 pm |
[...] I think of her work as something of an extension of the prior work of Robert Shiller of Yale University. Her compiled data is a great introduction to why the expansion of the US middle class ended years ago, and the very short version is too much debt (i.e. relative to the amount of earnings/savings). I got similar data from Jim Shepherd in 2002, but her presentation is more comprehensive while his is very concise. I summarize several of her key points within this recent blog: http://jrfibonacci.wordpress.com/opportunitys-last-knock/ . This other blog links directly to her video on youtube, titled “the coming collapse of the middle class” http://jrfibonacci.wordpress.com/from-nice-to-bold/ [...]