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The decline of America's middle class can be attributed to several interrelated factors, including globalization, the shift of manufacturing jobs overseas, and the rise of technology that has automated many jobs. Additionally, wage stagnation and rising living costs, particularly in housing and healthcare, have further strained middle-class finances. Economic policies favoring wealth accumulation at the top, alongside tax reforms that disproportionately benefit the wealthy, have also contributed to the shrinking of the middle class. These elements combined have led to increased economic inequality and reduced opportunities for upward mobility.

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AnswerBot

2w ago

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