Slides in PDF with panelist emails

1. Middle Class Matters
SACAC/PCACAC
Nate Crozier, University of Richmond
Phyllis Gill, Providence Day School
Greg Grauman, American University
Mary Tipton Woolley, Georgia Institute of Technology
Jeff Kallay, TargetX

2. Manage Expectations
State of the American
Middle Class
BRICS and MIST
Panelists Point of View
Town Hall Discussion

3. “ALL in all, this is a pretty good time to be an
American. Think about it. The middle class is
expanding and growing richer. Once-stark
inequalities are shrinking. The quality of
governance has improved by leaps and
bounds. Politics is becoming less ideological
and more centrist and pragmatic. And never
before have Americans held such sway in the
wider world.”

4. “Oh, perhaps a clarification is in order. This is a
pretty good time to be a Latin American. For the
citizens of the United States, who tend somewhat
presumptuously to think of themselves as the only
Americans, this is not altogether such a good time.
In the United States, in point of fact, all those
trends are running in the opposite direction. The
middle class is beleaguered; inequality is growing;
government is gridlocked; politics is increasingly
polarised and the superpower is in a funk about its
global decline. Isn’t this high time for the United
States to pay a little more attention to the big
changes taking place in its own back yard?”

5. The real back yard
An interesting reversal in the Western Hemisphere
April 14, 2012 http://www.economist.com/node/21552587

7. >40%
Back in 1980, less than 30% of all jobs in
the United States were low income jobs.
Today, more than 40% of all jobs in the
United States are low income jobs.
http://growth.newamerica.net/sites/newamerica.net/files/policydocs/26-04-11%20Middle%20Class%20Under%20Stress.pdf

8. -10%
Since the year 2000, the United States has lost
10% of its middle class jobs. In the year 2000
there were about 72 million middle class jobs in
the United States but today there are only about
65 million middle class jobs.
http://www.zerohedge.com/article/must-watch-stockman-explain-ratigan-how-thirty-years-america-spent-enough-debt-lbo-itself-an

10. -$6.5
The total value of household real estate in
trillion
(or 33% since
2006 high)
the U.S. has declined from $22.7 trillion in
2006 to $16.2 trillion today. Most of that
wealth has been lost by the middle class.
http://www.nytimes.com/2012/02/01/business/economy/home-prices-decline-again.html

12. 100 According to the New York Times,
Million
living in poverty
approximately 100 million Americans are
either living in poverty or in "the fretful
zone just above it".
https://myaccount.nytimes.com/auth/login?URI=/2011/11/19/us/census-measures-those-not-quite-in-poverty-but-struggling.html&OQ=_rQ3D5Q26pagewantedQ3D2Q26hp&REFUSE_COOKIE_ERROR=SHOW_ERROR

13. “Researchers believe that changes in the labor market and, to a certain
extent, household composition affected the long-run increase in
income inequality. The wage distribution has become considerably
more unequal with workers at the top experiencing real wage gains
and those at the bottom real wage losses. These changes reflect relative
shifts in demand for labor differentiated on the basis of education and
skill. At the same time, long-run changes in society's living
arrangements have taken place also tending to exacerbate household
income differences. For example, divorces, marital separations, births
out of wedlock, and the increasing age at first marriage have led to a
shift away from married-couple households to single-parent families
and nonfamily households. Since nonmarried-couple households tend
to have lower income and income that are less equally distributed than
other types of households (partly because of the likelihood of fewer
earners in them), changes in household composition have been
associated with growing income inequality.”
http://www.census.gov/hhes/www/income/data/inequality/middleclass.html

15. "We can't really help [our daughters in
college.] We just can't afford to. So they've
got a lot of student loans that they'll be
paying off for a long time."
-- Frankie, a married mother with three
daughters -- two in college and one more on
her way -- Teton County, Montana.
Special Report: The Vanaishing
American Middle Class
http://adage.com/article/special-report-american-consumer-project/vanishing-american-middle-class/230455/

16. “Applications and yield numbers are down”
NACAC Study, October 2010
“Loan crisis goes to college.”
CNN Money.com, May 2010
“College loans are the new subprime crisis”
New York Times, June 2010

17. LOAN
Is a FOUR Letter Word!

19. http://www.chicagotribune.com/news/local/ct-met-irish-colleges-recruit-20120415,0,6268582.story

20. http://www.usatodayeducate.com/staging/index.php/
ccp/barriers-to-community-college-admission-
increasing

21. BRICS
Brazil - Russia - India - China - South Africa
Represent almost half of the world's population,
with a combined nominal GDP of US$13.6
trillion and an estimated US$4 trillion in
combined foreign reserves.

22. MIST
Mexico - Indonesia - South Korea - Turkey
Have a number of important factors in common;
a large population and market, a big economy at
about 1% of global GDP each, and all are
members of the Group of Twenty (G20).

25. Phyllis Gill
Associate Director of
College Guidance
phyllis.gill@providenceday.org

26. Nate Crozier
Director of Admission
ncrozier@richmond.edu

27. Greg Grauman
Director of Admissions
grauman@american.edu

28. Mary Tipton Woolley
Associate Director of
Undergraduate Admission
marytipton.woolley@admission.gatech.edu

29. Middle Class Matters
SACAC/PCACAC
Nate Crozier, University of Richmond
Phyllis Gill, Providence Day School
Greg Grauman, American University
Mary Tipton Woolley, Georgia Institute of Technology
Jeff Kallay, TargetX

30. Improve Your Campus Visit
This Summer
May 18 3pm Eastern

31. Middle Class Matters
SACAC/PCACAC
Nate Crozier, University of Richmond
Phyllis Gill, Providence Day School
Greg Grauman, American University
Mary Tipton Woolley, Georgia Institute of Technology
Jeff Kallay, TargetX