- America's poor are still heavily in debt: "The situation is so bad that Morgan Stanley (MS) says the middle class is 'eroding.' Too many people have high debt burdens. It's a trap they just can't get out of. Wages aren't growing for those at the bottom, making it hard to pay off debt." http://money.cnn.com/2015/12/01/news/economy/america-poor-in-debt/index.html?iid=hp-stack-dom 17 comments politics