In a report written by three Citigroup analysts in October 2005 (see link below) describing the pattern of growth in the U.S. economy, they stated that the U.S. is comprised of only two distinct groups -- the rich and the rest. The report goes on to say:

"... the second group didn’t matter; tracking its spending habits or worrying over its savings rate was a waste of time. All the action in the American economy was at the top: the richest 1 percent of households earned as much each year as the bottom 60 percent put together; they possessed as much wealth as the bottom 90 percent; and with each passing year, a greater share of the nation’s treasure was flowing through their hands and into their pockets."

Eight years has passed since this article was written. Please let me know your thoughts on the authors' predictions. Better yet, let your city, state and Federal Representatives know your thoughts and concerns!

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Can the Middle Class Be Saved? by Don Peck

"The Great Recession has accelerated the hollowing-out of the American middle class. And it has illuminated the widening divide between most of America and the super-rich. Both developments herald grave consequences." Continued -- http://bit.ly/TzO1mB