Wealth of US middle class now lower than Canada’s - report

RT.com - American workers who previously made up the wealthiest middle class in the world have lost that distinction, according to new research that attributes the economic stagnation on rising income inequality in the US.

Economic growth in the US continues to be as strong if not stronger than other developed nations, although fewer Americans are reaping the benefit of their hard work. An analysis of income and spending numbers published Tuesday by the New York Times indicated that the wealthiest tax brackets are enjoying more financial growth, while the lower and middle income tiers are now lagging behind their counterparts throughout the world.  Read more.