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The Middle-Class Squeeze
House Committee on Government Reform Special Investigations Division
House Committee on Government Reform
Special Investigations Division
Abstract
The Special Investigations Division of the House Committee on Oversight and Government Reform highlights the economic challenges facing middle-class families during President Bush's tenure, noting declines in real incomes alongside rising costs for essential expenses like health insurance, energy, and education. For the median family, real annual incomes have fallen by 2.7%, while costs for health insurance, gasoline, and college education have surged by 48%, 57%, and 39%, respectively. This combination of declining incomes and increasing expenses has resulted in a significant squeeze on the middle class, with real expenses outpacing income growth, leading to a decrease in the standard of living.
Date
2006-09-21
Document Type
House Minority Staff Report
Serial Number
Document Length
9 pages
Congress
109
Relation
DOI
Keywords
Staff Reports
PAP Major Code
1: Macroeconomics
PAP Minor Code
100: General Domestic Macroeconomic Issues
Related Hearings
Press Releases and Contextual Information
https://web.archive.org/web/20061129201824/http://www.democrats.reform.house.gov/story.asp?ID=1113