Middle class distress skews American data downward

The balance sheet of the bottom tier of US households is starting to fray. Minus a tax cut, the US economy will crawl just above recession levels in 2018

September 16, 2017 3:59 PM (UTC+8)
A used-car dealership in Detroit. Forced sales of autos due to loan defaults are responsible for deflation in the price of used cars and trucks. Photo: Uli Deck/dpa
A used-car dealership in Detroit. Forced sales of autos due to loan defaults are responsible for deflation in the price of used cars and trucks. Photo: Uli Deck/dpa
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