For families making less than $70,000 a year, the mood is bleak.
Social Security taxes just went up. Gas prices have spiked. The unemployment situation is still iffy at best.
Add it all up and you can see why America’s middle class is still feeling insecure about their finances and why they’ve sharply cut back on non-essential spending.
A January Goldman Sachs survey showed increasing fiscal concern among suburban baby boomers.
Read the complete article at Street Authority here.
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