- Fortune, Thursday, November 3, 2022 7:55 PM
The American middle class, which was able to make some financial gains during the pandemic, is once again shrinking. "
It’s the result of a perfect storm of economic uncertainty brewing:
interest rates are rising, the market is tanking, recession rumors are everywhere, and decades-high inflation means that cash in the bank isn’t worth as much as it used to. As the cost of living
increases, more households have dipped into their pandemic-era savings," per
Fortune.
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