At this here blog, in 2008:
In looking at the current scenario, the equality gap has shifted to the right. Those with the most have gotten the most. If anything, the cost of their wealth gains has been the increase of costs for those below them. In the last decade or so, health insurance costs have doubled, energy has nearly quadrupled, and inflation has exceeded increases in income. If it weren’t for our investments in the stock markets through our various retirement vehicles, I’d say we already suffered. Maybe we, the lower middle class will be fine? Maybe the middle and upper middle classes will be those that suffer, with their gains being evaporated. Even though that trillion-dollar bailout will likely do-nothing, and will severely tie the hands of the next President, maybe our inability to accumulate real wealth means we have very little to lose?