The middle-class family is no longer economically viable. It wasn’t so long ago that my parents were able to raise 9 kids on a policeman’s salary. We didn’t take vacations in Hawaii or shop at Nordstrom, but we were well fed growing up in an old fixer-upper in Seattle’s Capitol Hill neighborhood. Even though today’s typical household sends two adults into the workforce instead of just one, the purchasing power of the family has not kept up with inflation. Instead, according to the Economic Policy Institute, the average household net worth for the majority of Americans has declined over the last 30 years, destabilizing the economic security of the family unit. Read More
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