Middle-class suffers "worst decade in modern history"

August 22, 2012 4:23 PM

A new study released by the Pew Research Center shows that between 2000 and 2010, median middle-class wealth dropped 28 percent. Anna Werner speaks with some of those who have felt the effects of the "worst decade in modern history."

Middle-class Americans see their incomes drop

Recommended

Young Innovators: Teen tackles cancer diagnosis
2:57 May 18, 2013

Young Innovators: Teen tackles cancer diagnosis

After his close friend died from pancreatic cancer, 16-year-old Jack Andraka unleashed his hyper-drive intellect on preventing more cancer deaths. And as Jim Axelrod reports, the teen created a much faster and far cheaper detection method for pancreatic, ovarian and lung cancer.
Federal gov. reviewing solitary confinement
2:33 May 18, 2013

Federal gov. reviewing solitary confinement

The Federal Bureau of Prisons is reviewing the frequency and fairness of solitary confinement in all federal prisons. A rollback on "solitary" is already underway in some states. Randall Pinkston reports on the impact the rollback is having on Mississippi.
Did the WH know about IRS targeting?
2:12 May 18, 2013

Did the WH know about IRS targeting?

New questions are being raised concerning if anyone in the White House was aware of IRS targeting of conservative groups. Margaret Brennan reports on the new evidence that's heating up the controversy.
Final countdown to record Powerball jackpot
1:40 May 18, 2013

Final countdown to record Powerball jackpot

Excitement is growing as the drawing nears for the record-setting Powerball jackpot. Carter Evans reports from California, the latest player to join the multi-state lottery, where residents are buying up 10,000 tickets every minute.
How "Code Red" saved lives during tornadoes
2:18 May 18, 2013

How "Code Red" saved lives during tornadoes

The town of Granbury, Texas, was hit hardest by a string of 16 deadly tornadoes that struck the state. Anna Werner reports how the city's "Code Red" warning system helped kept residents alive.
More dangerous weather ahead for Midwest
1:01 May 18, 2013

More dangerous weather ahead for Midwest

Parts of the plains and Midwest are under the threat of severe weather, including possible tornadoes. Jim Axelrod speaks with CBS News weather consultant David Bernard about what to expect in the coming days.
NTSB investigating Conn. train collision
2:12 May 18, 2013

NTSB investigating Conn. train collision

During rush hour in Connecticut, two commuter trains collided, sending 72 passengers to the hospital. The tracks are now closed while the NTSB investigates. And as Don Dahler reports, it's creating a travel nightmare.