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The Big Picture

An August 1st, 1999 New York Times article detailed the economic struggles and frustrations of middle-class Americans. It talked about how they had to work hard for modest gains, and sometimes ended up piling up credit card debt. The article's title was: "The American Middle, Just Getting By."

However, the article included a picture of one of these middle-class American families in their own swimming pool.

An economist commented: "it is doubtful whether most other people in the world would regard" the American middle-class "as 'just getting by.'"

Reference: Thomas Sowell, Basic Economics: A Common Sense Guide to the Economy (Basic Books, 2007), pp. 3-4