As the American middle class continues to collapse, the Federal Reserve reported that 40 percent of Americans lack $400 in disposable income to pay for an unexpected expense like a medical emergency or a car repair. ...43 percent of households live paycheck to paycheck and can't afford to pay for their housing, food, child care, health care, transportation and their cell phone without going into debt. Further, about half of older Americans have no retirement savings... In terms of our young people, hundreds of thousands are unable to go to college because of the cost and millions are dealing with oppressive student debt.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "As the American middle class continues to collapse, the Federal Reserve reported that 40 percent of Americans lack $400 in disposable income to pay for an unexpected expense like a medical emergency or a car repair. ...43 percent of households live paycheck to paycheck and can't afford to pay for their housing, food, child care, health care, transportation and their cell phone without going into debt. Further, about half of older Americans have no retirement savings... In terms of our young people, hundreds of thousands are unable to go to college because of the cost and millions are dealing with oppressive student debt." in the context of "Bernie Sanders Trump’s economy is great for billionaires, not for working families (USA Today) (17 July 2018)" to mean that wisdom is timeless.