Selling at fairs and what not, I noticed the disappearing middle class back some time ago (have watched it happen over past 20 years)
Used to, our top selling items at shows were ones that ranged from $40-$150. It's slowly switched to $10-$40 items, because many can no longer afford the $40-$150 items.
We've got the best govt that money can buy
In my opinion, a big contributor to the downfall has been the closing of factories in the US and the replacement of these products with items made in China. Sure, it lets people buy cheaper products, but at what cost?
and our govt give china preferred trade status to boot