It’s not just the lower economic class that is finding difficulty in the current economy, a recently released Federal Reserve document shows (H/T Ben Carlson of A Wealth Of Common Sense), it’s the upper middle class that is also struggling in the current stimulus driven economic environment.
Lower middle and middle class having trouble with savings
The report’s primary finding, according to a Bloomberg report, was that Lower middle and middle class Americans are having difficulty saving. But the report also showed that more than half of upper-middle class households did not save any money at all in 2012 and increasingly face difficulty saving.
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