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

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....

#1 Today, only 55.3 percent of all Americans between the ages of 16 and 29 have jobs.

#2 In the United States today, there are 240 million working age people.  Only about 140 million of them are working.

#3 According to CareerBuilder, only 23 percent of American companies plan to hire more employees in 2012.

#4 Since the year 2000, the United States has lost 10% of its middle class jobs.  In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#5 According to the New York Times, approximately 100 million Americans are either living in poverty or in "the fretful zone just above it".

#6 According to that same article in the New York Times, 34 percent of all elderly Americans are living in poverty or "near poverty", and 39 percent of all children in America are living in poverty or "near poverty".

#7 In 1984, the median net worth of households led by someone 65 or older was 10 times larger than the median net worth of households led by someone 35 or younger.  Today, the median net worth of households led by someone 65 or older is 47 times larger than the median net worth of households led by someone 35 or younger.

#8 Since the year 2000, incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation.

#9 The total value of household real estate in the U.S. has declined from $22.7 trillion in 2006 to $16.2 trillion today.  Most of that wealth has been lost by the middle class.

#10 Many formerly great manufacturing cities are turning into ghost towns.  Since 1950, the population of Pittsburgh, Pennsylvania has declined by more than 50 percent.  In Dayton, Ohio 18.9 percent of all houses now stand empty.

#11 Since 1971, consumer debt in the United States has increased by a whopping 1700%.

#12 The number of pages of federal tax rules and regulations has increased by 18,000% since 1913.  The wealthy know how to avoid taxes, but most of those in the middle class do not.

#13 The number of Americans that fell into poverty (2.6 million) set a new all-time record last year and extreme poverty (6.7%) is at the highest level ever measured in the United States.

#14 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

#15 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years.  During 2010 it got even worse.  Last year, an average of 23 manufacturing facilities a day shut down in the United States.

#16 Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#17 Most Americans are scratching and clawing and doing whatever they can to make a living these days.  Half of all American workers now earn $505 or less per week.

#18 Food prices continue to rise at a very brisk pace.  The price of beef is up 9.8% over the past year, the price of eggs is up 10.2% over the past year and the price of potatoes is up 12% over the past year.

#19 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#20 The average American household will have spent a staggering $4,155 on gasoline by the end of 2011.

#21 If inflation was measured the exact same way that it was measured back in 1980, the rate of inflation in the United States would be well over 10 percent.

#22 If the number of Americans considered to be "looking for work" was the same today as it was back in 2007, the "official" unemployment rate put out by the U.S. government would be up to 11 percent.

#23 According to the Student Loan Debt Clock, total student loan debt in the United States will surpass the 1 trillion dollar mark at some point in 2012.  Most of that debt is owed by members of the middle class.

#24 Incredibly, more than one out of every seven Americans is on food stamps and one out of every four American children is on food stamps at this point.

#25 Since Barack Obama took office, the number of Americans on food stamps has increased by 14.3 million.

#26 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#27 In 1970, 65 percent of all Americans lived in "middle class neighborhoods".  By 2007, only 44 percent of all Americans lived in "middle class neighborhoods".

#28 According to a recent report produced by Pew Charitable Trusts, approximately one out of every three Americans that grew up in a middle class household has slipped down the income ladder.

#29 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

#30 The poorest 50 percent of all Americans now collectively own just 2.5% of all the wealth in the United States.

Sadly, this article could have been much, much longer.  There are so many other statistics about the middle class that could have been included.

For even more insane economic numbers that show just how dramatically the U.S. economy is declining, just check out this article: "50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe".

What is even more frightening is that this is about as good as things are going to get.

We have already had "the economic recovery", such as it was.

Now we are heading for another major financial crisis.  Just like back in 2008, the entire world is going to feel the pain.

But we never recovered from the last financial crisis.  We are like a boxer that is not ready to handle another blow.

And who is going to get hurt the most?  It will be those at the bottom of the food chain of course.  Tens of millions of Americans that are living in poverty will experience a massive amount of pain, and millions more Americans will fall out of the middle class and will join them.

If you have a good job, do your best to hang on to it.  If you don't have a job, do your best to get one while you still can.  Jobs will become very precious in the years ahead.

But also try to do what you can to become less dependent on the system.  Almost anyone can find ways to make some extra money on the side.  Yes, it will likely cut into your television time.  If someday you were to lose your job you don't want to be left with zero income.

Right now, the U.S. economy is slowly dying and as time goes by the number of middle class Americans it will be able to support will continue to decrease.

Yes, it is like a perverse game of musical chairs, but this is where we are at.

I encourage all of you to think about how you plan to make it through the collapse that is ahead.

Sticking our heads in the sand and pretending that everything is going to be okay is not going to help anyone.

But if we all start planning for the storm that is ahead, and if we get others around us to wake up as well, that is going to do a great deal of good in the long run.

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  • Occupy

    A deficit consists of two parts, income and spending.

    As the deficit increases, and people suffer, the corporations are simply hoarding money that if it were spent would stimulate the economy, create jobs, and increase tax revenues to help resolve this mess.

    Tax the rich, tax the corporations that are hoarding the cash, and put a surcharge on financial transactions.

    Problem solved.

    • Kevin2

      Explain the stimulation part.

      1. American gets money from corporate tax
      2. American purchases product
      3. US salesman has job selling product
      4. Salesmen’s supervisor orders more product
      5. More product made in developing world and shipped to the US
      6. Continue the above until money is exhausted
      7. Print more money

      Problem not solved, problem getting larger.

  • mondobeyondo

    The Dollar Trap is Sprung:

    http://www.thetrumpet.com/?q=8987.7756.0.0

  • de

    but what should we do? he says prepare? but in what manner? how?

    • luis

      prepared any way u can first save water an food then buy weapons last have a bug out car or truck or suv an plus have extra tank of fuel like go to the junkyard buy a cheap fuel tank or new one its up to u then preapared your family friend an you are going to be okey an last thing buy some golden coins or silver get rip of money have some but not to much because if the economy collapse your paper money is not going to help u good lucky

  • Steve

    Any chance thirty million illegals are having any impact on the economic nightmare currently engulfing the Republic? In California most jobs go only to Mexicans!

  • http://yahoo scout

    Wifey and I paid and supported many politicians and senseless wars with our tax dollars. Now we are part of the lowest class.The feds retired rich, I retired broke. Not from poor planning but from the feds moving the target for retirement/over taxing. If your young, you’ll see what I mean. You don’t get a second chance. Vote Ron Paul for a better tomorrow…

  • Amerikagulag

    Steve,
    No taxpaying American has ANY room to complain about Native Americans moving north across borders of land that ONCE BELONGED TO THEM, when there are AT LEAST 3 countries half-way around the world, INVADED and OCCUPIED by ILLEGAL AMERICAN ALIENS!

    Of course the middle class is being wiped out. You mean you didn’t see this coming? You must have been asleep for 20 years. It is and always HAS been – the PLAN!

  • Mark

    Maybe the middle class should all stop paying their mortages all on the same day and use that money to short their bank. There is power in numbers. Bankers would cry crocidial tears for real. Maybe the middle class needs to organize think right and vote right. Maybe they need to man up and help their good neighbors who are losing their homes. The middle class needs a shepherd to guide them. They are lost. They are very good, stupid people. The man in the suit has just bought a new car from the prophet he made off your dreams. Again. It is hard to teach the stupid. 5 cars later you might get it, then it’s too late. you realize you got screwed in every orifice of your body and never even realized at the time. Wake up you idiots.

  • Lenny

    “Trickle down theory: The notion that the poor, who survive on table scraps from the rich, would be better served by giving the rich larger meals.”

    You should check out the price of groceries in Hawaii. Unbelievable. Thank God for local farmers.

  • Sandy the Swede

    Michael, how do you define “middle class jobs,specifically, what income range?” You also state that there are 240 million working-age Americans and only 140 million of these are employed. Of the difference (100 million), how many are physically or mentally unable to work or are retired?

    While I don’t dispute the decline of the American middle class, in some sense this was inevitable. America could not stay top dog forever. It also seems inevitable that the country’s elite would grab the remaining goodies as the ship goes down. Not saying that as an excuse for their crimes. Only when America’s undereducated masses no longer have access to Air Jordans and Dancing with the Stars will a few (maybe more than a few) necks get stretched.

    Great article. Well documented.

  • liberalmann

    Stop your asinine lies! The GOP have done nothing but try to subvert Obama’s efforts to improve the economy he inherited from incompetent Republicans. The GOP would rather hurt the middle class than see the economy improve under Obama.

  • Pingback: Auction 2012: Top 10 Reasons to Get Money Out | Dylan Ratigan

  • luis

    why some people blame there problem on ILLEGAL ALIENS grow up people im sick of hearing SOME PEOPLE SAY I CAN FIND A JOB I LOST MY HOUSE BECAUSE THE MEXICA IM FAT BECAUSE THE ASIAN I CAN DO THIS PLEASE PEOPLE MAN UP IM ONLY 21 AN MY DREAM JOB WAS TO SALE CARS AN BE MY BOSS AN LOOK AT ME NOWWW IM THE BOSS IN 2008 DOES WHEN I STARTER MY CARS SALES AN NOW IM ON TOP OF THE MOUNTAIN I WAS POOR BUT NOW IM RICH I NEVER GIVE UP I NEVER BLAME MY PROBLEMS ON ANY ONE ONLY LITTLES GIRLS DO THE SO PLEASE MAN UP

  • Disciple

    Give up trying to make sense of the economic times. Turn to Jesus Christ, He will sustain in this life and the next.

  • sad sack

    most of you sound like a bunch of whining slackers!!! get off your butts and do something besides play on your computer in your parents basement!!! if you don’t like the way things are change them. that has always been the middle class mantra. middle class/working class, where i am from they are the same. if you are looking for an alternative, check out justiceparty.com this here UNITED STATES IS WORTH SAVING!!!

  • Ray

    I care about America so I need you to ask with me:
    The American Prayer 2012
    Father you gave to us a free will to bring glory to your creation and improve the human condition, It has been a long and bloody history as we learned to use that free will for your intended purposes. Soon the American People will exercise their free will in mass, to chart the future path of this great nation, one that you have guided and inspired at other critical times from its founding fathers until today. As America has shown the power of your governing principals of Life, liberty and the Pursuit of Happiness for nations, and has stood with Israel. You have blessed this great nation far more then others. Through our free will we have more often then not chosen the path you have laid out for a free people to build a great and good nation.
    Now in this time, many of our people have fallen way from your virtues and lost interest in good governance, both within our families and our great institutions. Soon we will be on a irreversible path of self decline and national destruction. A great fork in the road of our nation looms and we must choose the hard road back to good governance using your Godly principals of Life, Liberty and the Pursuit of Happiness or continue down the road to self destruction and national decline. Where Liberty will dim throughout the world with evil on the march.
    Dear God! The Father Almighty we ask in the Name of Your Son Jesus Christ for your Divine Inspiration and Guidance in the exercise of our Free Will to choose leaders who understand your principals of good governance and instill in our hearts the courage and fortitude to stand with those who will return this nation to a state worthy of your blessings.
    The Americans

    • Ray

      Hope your moderation is fair, There are no bad words, vulger phrases or slurs. I just want to save our nation like millions of others.
      Sincerly Ray

  • Evelin Olívia Fróes

    Once again, few people realise emmigrating can be an option. Brazil is already the 6th economy of the world. Of course there’s still much to do to get a developed country, but Brazil is simply one of the BRICS! There are plenty of jobs opportunities for high skilled professionals such as engineers and IT experts in general for instance. Infrastructure work is needed mainly due to brand new oil fields discovered, 2014 World Cup and 2016 Olympic Games in Rio de Janeiro. Of course Portuguese is a must! I know USA was formed by settlers immigrants, so when life is a matter of survival I don’t see why being an expat where there’s plenty of opportunity wouldn’t be a great solution.

  • http://dermodernist.wordpress.com Simon

    It’s a miracle to me as a non-american, how middle or even working class americans can still vote republican.Maybe one has to be an american to understand why.

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