Middle class in US today resembles past's poor: Jimmy Carter
OAKLAND, California (AP) - Former President Jimmy Carter says the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House.
Mr Carter offered his assessment of the nation’s economic challenges on Monday at a Habitat for Humanity construction site in Oakland – the first of five cities he and wife Rosalynn plan to visit this week to commemorate their three-decade alliance with the international nonprofit that promotes and builds affordable housing.
The recent economic downturn revealed that families living in even comparatively well-off, but expensive regions like the San Francisco Bay Area are economically insecure, Mr Carter said.
“Even in one of the wealthiest parts of the world there is a great deal of foreclosures and now a great deal of people who are fortunate to own their own houses owe more on them than the houses are worth in the present market, and that’s all changed in the last eight years,” Mr Carter said in an interview with The Associated Press.