Danger! Falling middle-class incomes

Incomes for 90% of Americans barely budging since the '80s, and fallen over the last few years. Here are some who have seen their earnings drop.

1 of 6
BACKNEXT
Gay Pinder
Hometown: Baltimore, Md.

During the recession, I was let go from my job at a non-profit in Washington, DC. After being out of work for 19 months, I got a job as a media relations specialist for my alma mater, Towson University. Now, I make $15,000 a year less.

I like this job much better than the one that paid more, but that said, there are trade offs. The "American Dream" of being a homeowner has become the quintessential American struggle. I'm a single woman and I own my home. But it was purchased with a certain salary, and I still have to pay the mortgage.

My savings are gone, my retirement I've gone through. I took part-time jobs over the Christmas season, working at Macy's for $7 an hour.

I consider myself lucky to have a job at all, but come on, this is ridiculous. I have a master's degree. I'm an experienced worker. This isn't how it's supposed to be.


NEXT: John Riley
Last updated February 18 2011: 8:13 AM ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.77%3.73%
15 yr fixed2.95%2.93%
5/1 ARM3.01%3.03%
30 yr refi3.84%3.80%
15 yr refi3.05%3.01%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
More Galleries
7 quirky luxury products for the super rich Take a look at some of the most unusual luxury products being marketed to the top 1% in Monaco, including a rotating sunbed, hand-made wooden skis and fur coats for dogs. More
Five things to know about Putin's Russia An economic crisis, Western sanctions and a comeback currency: What's going on in Russia? More
9 up-and-coming collectible cars They're relatively cheap now but these models have already caught collectors' eyes and are expected to increase in value in years to come More

Special Offer