Young, upwardly mobile, and professional described the trajectory for many Americans in the 1980s, and caused us to coin the word "Yuppies." But today, in the 2010s, the trajectory is the opposite: Downward mobility, unemployment and poverty are becoming the defining themes of this young decade. It's the Dumps -- so are Dumpies the new Yuppies?

One place that our societal reversal of fortune is happening shockingly fast is in the American suburbs. A new series in the Huffington Post on suburban poverty examines the forces at play -- joblessness, underwater mortgages and declining social services -- that are ushering many families from the middle class into poverty.

Overall, the number of suburban families who are impoverished increased by 53% between 2000 and 2010 compared to a 23% rise in urban poverty, the Huffington Post reported. In 16 metropolitan areas, including Atlanta, Dallas and Milwaukee, it has been even worse: Their numbers of suburban poor have more than doubled in the last decade.

Then there's the widening income gap, clearly being felt by Main Street, which is now of increasing concern to economists and financial executives.

In a recent story on the income gap, Bloomberg reported that the top 1% of families gained 52% of the total income gains made between 1993 and 2008 in the United States, according to research by Emmanuel Saez of the University of California, Berkley. The median income of $49,445 that prevailed at the end of 2010 is below the level it was more than a decade earlier. Warren Buffett has been critical of how little the top 1% is taxed, advising Congress to raise taxes on "coddled billionaires."

If 25 years ago, the way up was defined by Yuppies, what is the new word that defines the current world order? We've offered Dumpies, but we think our DailyFinance readers can do better: Tell us your best acronym and what it stands for.

Increase your money and finance knowledge from home

Understanding Credit Scores

Credit scores matter -- learn how to improve your score.

View Course »

Intro to Retirement

Get started early planning for your long term future.

View Course »

Add a Comment

*0 / 3000 Character Maximum


Filter by:


American Mercenary Flash Mobs - (not for hire by the way, unless you are an Obama controlled Union paying them)

October 18 2011 at 6:12 PM Report abuse rate up rate down Reply

Downardly Unemployable Niggardly College Educated Socialists

October 18 2011 at 1:03 PM Report abuse rate up rate down Reply
1 reply to docessene's comment

Very good except they aren't college educated for the most part - regard;lessof what the Libtard MSM says. They might be college drop outs though or still in college after 20 years.

October 18 2011 at 2:11 PM Report abuse rate up rate down Reply

For CLYDE's we could also do Crazy Libtard Yahoos Demanding Entitlements.

October 18 2011 at 12:04 PM Report abuse rate up rate down Reply

Now the CLYDE's (ClueLess Yahoos Demanding Entitlements) want all debt forgiven - all debt. When asked why people who owe money should be forgiven their debt a protester said that it wasn't his fault, people who lend money are evil adn they should be happy he isn't showing up with his union buddies to kill the lenders instead.

October 17 2011 at 7:13 PM Report abuse +1 rate up rate down Reply

They want jobs but hate the companies that create and have jobs. A horrible catch 22 that explains why they do nothing but complain about how tough it is being a welfare flash mob member,

October 17 2011 at 5:15 PM Report abuse +1 rate up rate down Reply

Downwardly, immobile, dope doing, young, Daddy's basement dwellers (DIDDYBD's - Diddy- dee- bee--dees) or Marxist posing as socialist, progressive, liberal, dope doing democrats that protest on wall street to get free food, out of Daddy s basement and their first strike union wages from ACORN and the SEIIU.

They are totally unemployable but their latest demand takes the cake. They want a living $20 and hour wage even if they don't wok and they demand to live in Daddy's basement for free, where they will smoke free dope, eat free pizza and chase it down with free brew-skies and Tequila shots - forever. Otherwise - they aren't leaving where ever they are currently laying down taking a nap.

October 17 2011 at 5:00 PM Report abuse +1 rate up rate down Reply

How about CLYDE's? (ClueLess Yahoo's Demanding Entitlements)

October 17 2011 at 12:55 PM Report abuse +2 rate up rate down Reply
1 reply to CYDANDGARY's comment


October 17 2011 at 5:07 PM Report abuse +1 rate up rate down Reply

i dont give a rats ass what you call these young spoiled rotten punks, its just another rough spot in the economy
and i'll get through it just like the other rough spots, i'll work hard, cut back (i drive a 1972 3/4 ton chevy 4x4, parts are cheap and i can fix it myself) and live through it, just like the generation before me did. you young people dont have the guts to do what i do

October 17 2011 at 12:30 PM Report abuse rate up rate down Reply

The OWS greedy? They want other peoples money and have threatened violence it they don't get it greedy is too nice a word for them.

October 17 2011 at 11:23 AM Report abuse -1 rate up rate down Reply
1 reply to Yarbels's comment

Hunting Osama? Many Dems are so stupid they think Obama is a navy seal. When Osama was killed I was sitting in a bar drinking. Was the president doing anything more important?

October 17 2011 at 11:32 AM Report abuse -3 rate up rate down Reply

Traitors ! Most of them drive foreign cars, did you think that eventually your lack of supporting the American worker was not going to catch up to all of you ? ( and us as well). A chain is only as strong as the weakest link, did you laugh when the "'rust belt states" were struggling, thinking , "wow thats' too bad". If one state in the country is ill then we are all ill !
I know exactly who is to blame ! You should be cheering on and supporting our companies. And if you can't, try not to purchase the foreign item-you can probably live without, i.e., a new blu-ray or iphone. Try a book, walk the dog, etc.

October 17 2011 at 10:54 AM Report abuse rate up rate down Reply
1 reply to mae13rle11's comment

George Soros is backing his follow Nazi's how is this news?
The press never shows the videos or interview the occupiers saying the Jews control wall street and are responsible because they do not want the public to know of the large Nazi movement in the Democratic party.

October 17 2011 at 11:25 AM Report abuse -1 rate up rate down Reply
1 reply to Yarbels's comment

it is true. The extreme-left "progressives" are antisemites.

October 18 2011 at 1:17 AM Report abuse +1 rate up rate down