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The United States Dedicated to general historical, social, linguistic, political and cultural topics pertinent to Americans.

30 Statistics About the American Middle Class.

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Old Thursday, January 12th, 2012   #1
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30 Statistics About the American Middle Class.

The Economic Collapse

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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....

(...)
Rest at the above link.
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Old Friday, January 13th, 2012   #2
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In the 90's, the decline of manufacturing was presented to us an inevitable. And even desirable. Each manual job lost would be replaced a better-paying, safer white collar job. We were transitioning to a "service economy" or even more lofty: a "knowledge economy". It just seems so laughable, in hindsight.

Even the white collar jobs are being hit. There was no reason for outsourcing to stop its destructive march, especially with advances in technology. For instance, lawyers in India moonlight as legal assistants for American lawyers, drafting documents for less than.
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Old Friday, January 20th, 2012   #3
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Yes, I come from a very small town in Northern Wisconsin, and I could have told you all of this years ago. It's a small town of 1,000 or so people, and all of us pretty much workers in labor, except for the specialty fields. I worked my entire teenage and beginner adult life doing concrete construction making, for the area, a good chunk of change! Now, that business is completely dried up, and the guy I worked for has to drive to other states just to work.

My father owns a body shop, which is probably why he is still okay, since vehicles will always need to be repaired.

I tried to tell my Dad once that the America he "remembers" is not the America we live in today, and that for him to understand why I simply just can't "get a job and buy a house" in this day an age, he'd need to re-evaluate his beloved country.
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