US middle class vanishing (Der Spiegel)

Would Time, or the NYTimes, ever put the case so candidly?

MCM

Der Spiegel: US middle class vanishing

The American middle class is on the verge of disappearing, while the United States, itself, is in danger of becoming a third world country, a leading German newspaper says.

According to an article appearing in the German newspaper, Der Spiegel, the negative consequences of the global financial crisis include a widened social class rift and the elimination of the middle class in the US.

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