David Rohde

White House: The American middle class is shrinking

By David Rohde
January 13, 2012

In a speech in Washington on Thursday, the chairman of President Obama’s Council of Economic Advisers said that the American middle class has been shrinking since 1970. Princeton University economist Alan Krueger said the American middle class shrank from 50.3 percent of American households in 1970 to 42.2 percent in 2010. Krueger defined the middle class as households with annual incomes within 50 percent of the national median income. Here is a table presented describing his findings.

What do we mean by “middle class”?

By David Rohde
December 29, 2011

Update: My apologies. I cited the wrong Census data table when describing my definition of the middle class. A corrected version is below.

In Milwaukee, an evaporating middle class

By David Rohde
December 15, 2011

MILWAUKEE — As Washington and Madison fiddle, this city’s middle class is in slow free fall.

Mr. President and Mr. Speaker, we’re not in Kansas anymore

By David Rohde
December 8, 2011

On Tuesday, Barack Obama declared the debate over how to restore growth, balance, and fairness to the American economy the “defining issue of our time.”

Occupy something

By David Rohde
December 2, 2011

By David Rohde

The views expressed are his own.

Update: On Dec. 6th, Occupy protesters began a new tactic of rallying around homeowners trying to resist foreclosures in several cities. Read more here and here. The following column was published on Dec. 1st.

Dismiss the middle class at your peril

By David Rohde
October 27, 2011

For two hundred years, the middle class has enjoyed legendary status in Western economic thought. First the British and then the American middle classes, Weber, Marx and many others said, served as vaunted engines of economic growth and political stability throughout the 19th and 20th centuries.

Wall Street’s long occupation of the middle class

By David Rohde
October 13, 2011
Last Friday morning, a 24-year-old New Jersey woman told me why she joined Occupy Wall Street. Around her, balding activists in their 50s tried to rekindle 1960s-era protests. Young Marxists flew red Che Guevara flags. The young woman, though, was different. 

Can Confucius save America’s middle class?

By David Rohde
October 6, 2011

Update: Sorry, in the first version of this column I confused two different companies. The corrected version is below.