Word: superclassic
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Dates: during 1980-1989
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...spend it. The image does not square with the facts: the Bureau of Labor Statistics found that young families in 1983 spent 18% less of their budget on home furnishings and 32% less on clothes than young families in 1973. There is, to be sure, a so-called superclass of high-living yuppies, as young urban professional Baby Boomers were dubbed by Syndicated Columnist Bob Greene in early 1983. But according to the U.S. Census Bureau, only about 4.5 million Americans between the ages of 25 and 40 make more than $35,000 a year. More than six times...
...millions of fellahin till fields of wheat and rice in the Nile Delta as seasonal workers for $2 a day. In Egypt, a patina of superficial prosperity gilds a fragile economic core. The revenues from new trade policies and foreign investment are flowing to an all too visible superclass of the very rich. But at the same time, the great mass of Egyptians are struggling with overcrowding, a breakdown of critical services and lack of productive jobs...
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