Under Attack: Texas' Middle Class and the Opportunity Crisis
Don Baylor /(512) 320-0222 x 108
Leslie Helmcamp /(512) 320-0222
August 19, 2011
Press Release >>
Report: Texas Middle Class Under Attack >>
Texas Jobs Analysis - August 2011 >>
(AUSTIN, Texas) â€" The American Dream means working hard to learn, earn, save, and build assets so that our families are financially secure. These opportunities are in short supply in Texas. As todayâ€™s new jobs numbers show, Texasâ€™ unemployment rate rose to 8.4 percent, marking the 23rd month the state unemployment rate has exceeded 8 percent, which ties the modern-day stretch set in the wake of the 1980s oil and real estate bust (Feb. 1986-Dec. 1987). With the stateâ€™s jobless rate higher than the past two recessions, many more Texans are experiencing sharp losses in their family income. A new report released today titled, â€śUnder Attack: Texasâ€™ Middle Class and the Job Crisis" suggests that stagnant incomes, a lack of good-paying jobs, and a lack of health insurance are the real issues that are crippling Texasâ€™ middle class.
The report, co-published by CPPP and national policy center Demos, examines how stagnant wages, falling union participation, the lack of good jobs and health benefits, and the rising cost of a college education are all squeezing the Texasâ€™ middle class.