Some leftist rag? No.
The author is LA Times reporter Peter G. Gosselin who writes regularly on economics as lived by ordinary people. Such reporting is pretty darn rare in mainstream media. In the fall of 2004 he wrote an extraordinary three part series discussing the question: "why so many families report being financially less secure even as the nation has grown more prosperous?" If, like most of us, you missed it, go back and look. To its credit, the paper is keeping this older material accessible on its website.