Europe's middle class has been strong for 2 decades while America's was squeezed by an 'explosion of debt,' report says
We are so sorry! We bumped into a system failure and couldn’t take your email this time.America's middle class can thank mortgages and student debt for the country's major inequality. that examines the gaps between the global rich and poor. It delved into the evolution of wealth inequality in rich countries, and found that America's middle class has something that Europe doesn't: a ton of debt.
In the early 20th century, wealth inequality was very high both in the US and Western Europe due to a lack of reforms that would distribute wealth. Women did not have the right to vote, and it wasn't until 1965 that Black Americans could vote in southern states — political inequalities that significantly limited the power of the working and middle class to implement measures to fight wealth inequality.
Norge Siste Nytt, Norge Overskrifter
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