Asked by Pankaj Bhardwaj on May 02, 2024

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The middle class has been experiencing a "squeeze"because

A) Americans no longer like hard work.
B) individuals do not work as many hours as they should.
C) Americans are spendthrifts rather than savers.
D) their real median household income has declined.

Middle Class

A socioeconomic group positioned between the working class and upper class, characterized by moderate income, educational attainment, and occupational status.

Real Median Household Income

The midpoint of household income distribution after adjusting for inflation, which represents the purchasing power of a typical household.

Squeeze

A financial or economic situation where resources such as money are limited, leading to pressure on individuals or families.

  • Recognize the implications of income inequality and economic pressures on different social classes.
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ZK
Zybrea KnightMay 04, 2024
Final Answer :
D
Explanation :
The middle class has been experiencing a "squeeze" because their real median household income has declined. This means that they are earning less money than they were before, making it harder for them to maintain their standard of living and keep up with expenses such as housing, healthcare, and education. This decline in income is due to a variety of factors, including globalization, technological advancements, and changes in the labor market.