Why the Middle Class is Hurting

"The American middle class has absorbed a steep increase in the cost of health care and other necessities as incomes have stagnated over the past half decade, a squeeze that has forced families to cut back spending on everything from clothing to restaurants," reports the Wall Street Journal, which provides this chart on changes spending and income in middle class households since 2007.

Source: Basic Costs Squeeze Families, Ryan Knutson and Theo Francis, Wall Street Journal