The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

The Prepper's Blueprint

Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Archives

17 Facts That Prove That The Average American Family Is Getting Absolutely Pulverized By This Economy

How in the world does the average American family survive in this economy?  The median household income is a little bit less than $50,000 a year right now.  So let's call that about $4000 a month.  But before any of that money gets spent, you have to take out at least $1000 in taxes.  That leaves about $3000 a month to pay all the bills with.  With that $3000 you have to pay the mortgage (or rent), make the car payments, make the student loan payments, pay for power and water, pay for health insurance, pay for home insurance, pay for car insurance, pay the phone bill, pay the Internet bill and pay the cable bill.  On top of all that, every member of the family needs three meals a day and the cars need to be filled up with gasoline or they won't go anywhere.  Of course I haven't even mentioned expenses that don't happen every month such as car repairs or new shoes.  No wonder so many families are feeling so financially stressed!

The truth is that American families are getting squeezed harder than they have been in ages.  The number of good jobs is declining, incomes are going down, and the cost of living just keeps going up.

The following are 17 facts that prove that the average American family is getting absolutely pulverized by this economy....

#1 The cost of a health insurance policy for the average American family rose by a whopping 9 percent last year.  According to a report put out by the Kaiser Family Foundation and the Health Research and Educational Trust, the average family health insurance policy now costs over $15,000 a year.

How in the world can most families afford that?  Yes, in many cases employers are paying for at least a portion of that, but still that seems absolutely outrageous.

#2 Due to rising costs, a lot of employers are completely getting rid of health plans for their employees.  In fact, the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.

#3 The number of uninsured Americans continues to rise.  Things have gotten so bad that an all-time record 49.9 million Americans do not have any health insurance at all.

#4 At this point, most American families are tapped out financially.  According to the U.S. Labor Department, incomes and spending were both down for the second straight year in 2010.

#5 At the same time, the employment picture continues to look worse with each passing month.  According to the U.S. Bureau of Labor Statistics, the number of layoffs in the United States was up 14 percent in August.

#6 Even if you do have a job that doesn't mean that you are doing much more than surviving.  According to Paul Osterman, a professor of economics at MIT, approximately 20 percent of all employed Americans are making $10.65 an hour or less.

#7 The amount of debt that the average American family has piled up is absolutely staggering.  The median yearly wage in the United States is just $26,261, but the average American household is carrying $75,600 in debt.

#8 Consumer confidence is extremely low right now.  If the U.S. economy was in good shape, the Consumer Confidence Index would be up around 90.  Instead, it is sitting at 45.4.

#9 Nearly every recent survey shows that the American people are feeling really depressed about the economy right now.  In fact, one poll found that 80 percent of them believe that we are actually in a recession right now.

#10 Many consumers are seriously starting to cut back on spending again, and that is not a good sign for the U.S. economy.  According to one recent study, 40 percent of all Americans have cut back on their spending within the last 60 days.

#11 It certainly does not help that millions of good jobs have been shipped out of the country.  Sadly, the trend of offshoring our jobs is going to continue to accelerate if something is not done.  According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.

#12 There is a lot of fear in the workforce right now.  According to Gallup, 30 percent of all employed Americans are worried that they will be laid off soon.

#13 Today, there are 5.9 million Americans between the ages of 25 and 34 that are living with their parents.  That is putting an even greater strain on the budgets of many families.

#14 American families have gotten very accustomed to using plastic to pay for things.  Today, the average U.S. household has 13 different credit cards.

#15 Many American families are not making it at all in this economy.  Last year, 2.6 million more Americans dropped into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#16 For many American families, living on food stamps has become a way of life.  Today, there are more than 45 million Americans on food stamps and we keep setting a brand new record almost every single month.

#17 Things have gotten so bad that many American families are selling off whatever they can in order to survive.  For example, down in Florida hundreds of people have been selling off their burial plots in an attempt to raise cash.  The following is an excerpt from a local news report about this new trend....

Sellers are posting online, using burial plot brokers, and also funeral homes to market the real estate. Some of those advertisements show single plots starting at about $1,000, while family plots can go for up to $50,000.

Most American families are living in a state of almost constant financial stress.  Way too many parents are spending way too many sleepless nights wondering how in the world they will be able to keep their heads above water for another month.

Very few families seem to have "extra money" for stuff these days.  Yeah, there are the "privileged few", but most people are really struggling to get by.

In America today, if you are able to keep your home from being foreclosed and you are able to put food on the table and clothes on the backs of your family then you are doing pretty good.

Sadly, as our current economic crisis deepens, the average American family is going to have an even more difficult time trying to survive financially.

So do you have any tips to share for how the average American family can survive in this very tough economy?  Please feel free to share your ideas and thoughts below....

Be Sociable, Share!
  • Paul

    Don’t tax the rich.

    Tax the poor instead. It’s much easier. They can’t afford protection.

    But don’t start whining for not getting any cash.

  • http://theeconomiccollapseblog.com mintukumar

    17 facts prove that maximum family of the America face a lot of problem.

  • Bailey

    truth hurts huh?
    what good is this blog if one cannot point out what the real problems are?

  • http://google sommers

    The way I see it is that we lost “capitalism” some decades ago.
    You cannot have corporations or unions openly paying bribes to politicians to vote in their favor. System corrupted.
    Healthcare started to rise drastically when government got involved, this is true. Campaign “contributions” started coming in big time from those that could profit, by buying the political process. Special interests have desroyed the system.
    Education costs went up and results went down with government involvement. Look this stuff up. It happens every time, within every field.
    It’s probably to late now, but term limits and public financing of elections was likely the proper way to go. Keep the Politicians close to their constituants.

  • http://www.colloidalsilver101.com Johnny Silverseed

    Network with entrepreneurs to create biz. Example: grain farmer, trucker, baker, shop owner; nobody gets paid at first. Imagine how you’ll feed the hungry. Create a regional currency, because your governor won’t create a state bank or local currency for some time to come. Go local: money into Credit Union, loan groups for local business, community gardens. See Katherine Austin Fitts’ Solari.com. Study Ponerology: Studies show about six percent of people are sociopaths, another twelve percent are borderline and will go along with the guy screwing you with political power. Paint a figurative scarlet letter on their foreheads and kick them out of the office/politics; see CAFR1.com. Shun crooked leaders, study legal procedures and sue them for their wrongs. Join and form teams for this; Commercial Law, Legal Procedure groups abound and are making headway. Gather the like-minded privately but know their friends and connections. VanDyke said create a “bank” with legal proceeds and begin employing court watchers to increase wins. A bible and Black Law dictionary used to be in every house. We must regain legal confidence. The courts are the tools the sociopathic minions of the Powers That Were use to steal our wealth. Hiring a lawyer as representative makes you “incompetent”. The amount of info legal researchers have gained will astound you. You must begin sifting through it to garner greater legal knowledge. Win back some of your tax dollars with a Title 18/42 action. A successful R.I.C.O action could do wonders. For starters, type ‘UCC’ into youtube.com -beginners need just listen in and about the thousandth time it begins to make sense. Hundreds of thousands, perhaps tens of millions worldwide are convinced that knowing the Law can save us. The focus is coming around to knowing procedures because “they” break them all the time, leaving themselves vulnerable to your lawsuit. One more seemingly unrelated thing: make & share colloidal silver.

  • http://yes BRENDAH

    The world will still be here after the economy “so called” collapses. No one has yet to identify the problems, which our current civilizations are going through. What troubles that need to be balanced before society can move forward. What is happening behind the scenes is truly troubling, but not to worry. The average man fails to pick a very high goal to strive for. Most settle for goals, which others set for them. For example, many people settle for the staged “sporting” events that actually have no meaning. Or settle for an “education”, which is nothing but indoctrination. Opps. Did we say something wrong. How about just Know thy Self.

  • Reddog

    We are screwed all thanks to the greedy politicans and bankers.

  • Mr Inspektor

    The snowball got pushed off the top of the hill in 1978 when interest rates and cost of living increases doubled public employee (and any other employee tied to C.O.L.) salary’s within the next 5 years. A case in point, a friend was delivering mail on a rural route in Northern CA and was paid 32,000/year in 1977. By 1982 he was getting 66,000 for the same route due to cost of living increases in the 20% range. Since then I can only guess where his and others salary’s have gone.
    As the salary’s went up,so did pensions etc.
    Now we have states, cities, counties and the entire country facing bankruptcy, as well as large corporations (GM for one) that can no longer service the pension /heath care costs and are going belly-up.
    Add to this the mortgage disaster and people using inflated home equity to survive…
    Didn’t even mention federal unfunded mandates requiring our local governments to use our money for services we can’t vote on. Talk about “Taxation without representation”, Patrick would have a coronary.

  • JayT

    1) Fire Obama 2012
    2) Drill Baby
    3) Cut Gov Spending
    4) Reduce Taxes
    5) Reform Regulations

    and to make 1-5 happen sooner IMPEACH OBAMA!

  • wwd

    Ironically, I am in no financial difficulty and have zero debt, house is paid off, and I still have had to cut back massively.

    Everything, including government services, costs more for the same service or costs the same for less service. Just the threat of lowering Social Security benefits or moving retirement to 70 means I have to save twice as much just to stay even. Increases in health insurance costs since ObamaCare (33% for me), have eaten up my discretionary income.

    I can only imagine how bad it is for folks who bought homes at the top of the market, lost their incomes, or carry a ton of debt.

  • http://portlavacalots.com D. T. Chau

    To survive the top economic must be trained when you are young to work hard and save as much as you can. In US at least you have food stamp for your kids. in others country, you are on your owned. Make a list of consider need NOT wanted, so basically there is only two things in life and they are food and water. Any thing else is just costomatic and no need. For food you need to learn how to cook to make it taste good and healthy for your family. And trying to make something different every day so the kids can have different taste evry time.

  • SAM

    AMERICA IS ON THE VERGE OF A MASSIVE REVOLUTION BY THE PEOPLE TO TAKE THIS COUNTRY BACK FROM ALL THESE CORRUPT SELF CENTERED GOVERMENT AND CONGRESS INDIVIDUALS…THERE WILL BE ALOT OF CASUALTIES BUT THAT IS THE ONLY WAY TO RISE AGAIN.

  • http://www.infowars.com/ May Day!
  • Woof Woof

    With what Americans are going through these days, American women truly need to show some more “Gloom and Doom” on their faces.

  • Tatiana Covington

    Suppose that when you try to tax a rich man, he just shoots you.

    Then what?

  • Nina

    Be sure to vote next November 6th and throw out the Party of NO…Republicans need to be held accountable for continuing to push Bush’s disastrous policies, and their treasonous behavior.

  • where is any voice of reason

    Saying we need to pay internet and cable bills goes to show we cannot live without technology. Knock those off and wow, you have a tad bit more more. There is no “government solution” to the “economic problem.” If how much money and how much stuff you have is a testament to how “well off” you are, then be my guest and say there is a problem.

    Life isn’t fair. If it were we would all be happy. Someone is always going to have something you want but we all have the gifts to make ourselves happy.

    By the way, the reason we will always have poverty is because people come with a new poverty line every couple of years.

  • normand st cyr

    ARE YOU OR YOYR KIDS BETTER OFF NOW THAN THREE YEARS AGO?

  • fuzzball

    This is ridiculous article the GOP has assured us that the top 5% have vastly increased their wealth and income and this is what America wants, We DO NOT want a middle class. 95% of Americans support being slaves and servants, many even vote GOP and Tea Party because being a mindless serf is better than working.

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!
High Blood Pressure?
The End Of America?
MHAdNew_125x125 copy(1)
FINCA BAYANO
Survive After Collapse
cheaper to burn dollars than paper

Silver.com

Camping Survival
Facebook Twitter More...