02/03/2014 08:32 am ET Updated Feb 03, 2014

Where Have All The Middle-Class Gone?

In Manhattan, the upscale clothing retailer Barneys will replace the bankrupt discounter Loehmann’s, whose Chelsea store closes in a few weeks. Across the country, Olive Garden and Red Lobster restaurants are struggling, while fine-dining chains like Capital Grille are thriving.

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