Dashed against rocks

The middle class is still the primary victim of the world’s biggest scam, says Bill Bonner.

We've been exploring the site of a disaster. The pieces are scattered all over. The survivors are many, but few arewithout scars and open wounds.

If you measure inflation properly, the damage has been much worse than most people realised. At 10% per year, few middle class families can keep up. They've lost income, purchasing power and wealth over the last 20 years.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.