Northern Trust Corporation

The WSJ again wrings its hands over our struggling 1%

The WSJ again wrings its hands over our struggling 1%

In the latest example of a curious journalistic genre--the pain and suffering of the 1%--the Wall Street Journal asks us this weekend to commiserate with six-figure income-earners facing bankruptcy.

"Some high earners end up leading a lifestyle they can barely afford, saving little or nothing for retirement and living paycheck to paycheck," the article says.  It quotes a bankruptcy attorney in tony Southfield, Mich., saying, "Some people you wouldn't expect are teetering on the edge of bankruptcy."

The...

68°