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.
The following are 30 statistics that show that the middle class is dying right in front of our eyes as we enter 2012....
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