Thursday April 17th 2014

30 Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes As We Enter 2012

Blacklistednews | Dec. 31, 2011

By Michael Snyder

Once upon a time, the United States had the largest and most vibrant middle class that the world has ever seen.  Unfortunately, that is rapidly changing.  The statistics that you are about to read prove beyond a reasonable doubt that the U.S. middle class is dying right in front of our eyes as we enter 2012.  The decline of the middle class is not something that has happened all of a sudden.  Rather, there has been a relentless grinding down of the middle class over the last several decades.  Millions of our jobs have been shipped overseas, the rate of inflation has far outpaced the rate that our wages have grown, and overwhelming debt has choked the financial life out of millions of American families.  Every single day, more Americans fall out of the middle class and into poverty.  In fact, more Americans fell into poverty last year than has ever been recorded before.  The number of middle class jobs and middle class neighborhoods continues to decline at a staggering pace.  As I have written about previously, America as a whole is getting poorer as a nation, and as this happens wealth is becoming increasingly concentrated at the very top of the income scale.  This is not how capitalism is supposed to work, and it is not good for America.

Today I went over to Safeway and I was absolutely appalled at the prices.  I honestly don’t know how most families make it these days.  I ended up paying over 140 dollars for about two-thirds of a cart of food.  That was after I “saved” 67 dollars on sale items.

When the cost of the basic things that we need – housing, food, gas, electricity – go up faster than our incomes do, that means that we are getting poorer.

Sadly, if you look at the long-term numbers, some very clear negative trends emerge….

-The number of good jobs continues to decrease.

-The rate of inflation continues to outpace the rate that our wages are going up.

-American consumers are going into almost unbelievable amounts of debt.

-The number of Americans that are considered to be “poor” continues to grow.

-The number of Americans that are forced to turn to the government for financial assistance continues to go up.

After you read the information below, it should become abundantly clear that the U.S. middle class is in a whole heap of trouble.

Read the entire article here

 

One Comment for “30 Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes As We Enter 2012”


Leave a Comment

More from category

US Postal Service Joins in Federal Ammo Purchases

Newsmax | April 14, 2014 By Cheryl K. Chumley Add the U.S. Postal Service to the list of federal agencies seeking to [Read More]

Video: Feds Surrender To Americans in Bundy Standoff

Infowars | April 13, 2014 In an epic standoff that Infowars reporter David Knight described as being like “something [Read More]

Deal reached; BLM will release confiscated cattle to rancher

KLAS-TV | April 12, 2014 By Caroline Bleakley A deal has been reached between Bundy family leaders and the BLM, but not [Read More]

Feds Back Down In New Bundy Standoff, Agree to Release Cattle

Infowars | April 12, 2014 By Paul Joseph Watson & Alex Jones In an epic standoff that Infowars reporter David [Read More]

BLM Action in Nevada is Unconstitutional, Here’s Why

Infowars | April 11, 2014 By Kurt Nimmo A direct violation of Article 1, Section 8, Clause 17 of the Constitution The [Read More]

O-T-N on Twitter

Available Now!: The Age of Disconnection

Support independent publishing: Buy this book on Lulu.