Middle class America living on the edge?

Could your family absorb the financial strain of a job loss or medical emergency? By Debora Vrana - MSN Money

The middle class today is less prepared for an economic emergency, such as losing a job or visiting an emergency room, than at any time since the late 1970s, concludes a new study from a political think tank in Washington, D.C., that's funded by Democrats.

"Middle Class in Turmoil," produced by the Center for American Progress and the Service Employees International Union, mines data from the Federal Reserve, the U.S. Bureau of Labor Statistics, census records and other sources to paint a picture of increasing peril for those in the middle 60% of income distribution, about $18,000 to $88,000.

"People are incredibly anxious, and families are stressed out. We're seeing too many families passing like ships in the nights in the driveway," said Andy Stern, the head of the Service Employees International Union, the largest and fastest-growing union in the United States. "The rising tide is not raising all boats -- only luxury liners. It's not building the kind of America that any of us want." To see complete click Here: Middle class living on the edge?