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

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30 stats to show to anyone that does not believe the middle class is being destroyed

Abandoned House - Photo by Flickr User baldeaglebluffThe 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace.  Yes, the stock market has soared to unprecedented heights this year and there are a few isolated areas of the country that are doing rather well for the moment.  But overall, the long-term trends that are eviscerating the middle class just continue to accelerate.  Over the past decade or so, the percentage of Americans that are working has gone way down, the quality of our jobs has plummeted dramatically and the wealth of the typical American household has fallen precipitously.  Meanwhile, we have watched median household income decline for five years in a row, we have watched the rate of homeownership in this country decline for eight years in a row and dependence on the government is at an all-time high.  Being a part of the middle class in the United States at this point can be compared to playing a game of musical chairs.  We can all see chairs being removed from the game, and we are all desperate to continue to have a chair every time the music stops playing.  The next time the music stops, will it be your chair that gets removed? (Read More....)

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Why so much anger in Ferguson? 10 facts about the massive economic gap between white America and black America

U.S. Map Money - Public DomainWhen people feel like they don't have anything else to lose, they are likely to do just about anything.  Many in the mainstream media seem absolutely mystified as to why there is so much anger in Ferguson, but as I pointed out yesterday, all of this anger did not erupt out of a vacuum.  Economic conditions in Ferguson, and for African-Americans as a whole, have been deteriorating for years.  Sadly, many white Americans are totally oblivious to any of this.  Many of them have absolutely no idea that the unemployment rate for black Americans is more than twice as high as it is for white Americans or that the average white household has 22 times as much wealth as the average black household.  But these are things that black communities are acutely aware of.  Many African-Americans that live in poor neighborhoods deeply resent the fact that most of the people that live in the "good neighborhoods" are white while most of the people that live in "bad neighborhoods" are people of color.  In fact, in America today a black child is nearly four times as likely to live in an impoverished neighborhood as a white child is.  And when you throw endless police brutality and growing racial division in America into the mix, it is easy to understand why so many black Americans are so angry and frustrated these days. (Read More....)

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Job = Just Over Broke

Jobs - Public DomainIf you are fortunate enough to have a job in America today, the phrase "just over broke" probably describes you.  Yes, there are a handful of jobs that certainly pay very well, but most Americans that work for somebody else are just barely making it from month to month.  More than half of all working Americans are living paycheck to paycheck, and more than half of all working Americans make less than $30,000 a year.  That is an amazing statistic but it is actually true.  Once upon a time, anyone that was responsible and that was willing to work hard could get a good job in America.  But now those days are long gone.  Instead, we live at a time when good jobs are disappearing and when the middle class is getting smaller with each passing year.  In some homes, the husband and the wife are both working multiple jobs and they can still barely pay their bills.  Something has gone horribly wrong, and yet our leaders just keep telling us how wonderful our economy is. (Read More....)

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21 Ways To End The Phrase ‘Americans Are So Broke…’

Coins - Public DomainDid you know that 77 million Americans have unpaid debts that are "in collections" and that Congress is actually thinking about letting post offices offer payday loans?  We live in a country where almost everyone is drowning in debt and where most people are either flat broke or very close to flat broke.  Years ago, "your Mama is so broke" jokes were all the rage, and at the rate we are going they could make a big comeback.  Some of my favorites were "your Mama is so broke she went to McDonald's and put a milkshake on layaway" and "your Mama is so broke your family ate cereal with a fork to save milk".  Unfortunately, the facts that I am about to share with you are not funny at all.  In fact, they are quite sobering.  Yes, things are going fairly well for the elitists that live in the good areas of New York City, Washington D.C. and San Francisco right now, but most of the country is deeply struggling as our economic fundamentals continue to crumble.  Please share these numbers with as many people as you can, because we need people to understand that there has not been an "economic recovery" for most of America.  In fact, in many ways things just continue to get even worse.  The following are 21 ways to end the phrase "Americans are so broke"... (Read More....)

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85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined

New World OrderThe global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year.  According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined.  And 1.2 billion of those poor people live on less than $1.25 a day.  There is something deeply, deeply broken about a system that produces these kinds of results.  Seven out of every ten people on the planet live in countries where the gap between the wealthy and the poor has increased in the last 30 years.  Despite our technological advances, somewhere around a billion people go to bed hungry every single night.  And when our fundamentally flawed financial system finally does collapse, it will be the poor that will suffer the worst. (Read More....)

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Hillary Clinton Has Got To Be Joking – This Is What ‘Dead Broke’ Actually Looks Like…

Hillary Clinton Smiling - Photo by ZammermanDuring a recent interview with Diane Sawyer, Hillary Clinton claimed that Bill and her were "dead broke" when they left the White House.  And then on Sunday, Hillary told the Guardian that they are not "truly well off" despite having earned about a hundred million dollars since leaving the White House and owning a couple of luxury homes.  This is yet another shocking example of how disconnected our political elite have become to the rest of the American people.  Perhaps Hillary Clinton is not "truly well off" when compared to some of the ultra-wealthy individuals that she rubs shoulders with at Democratic fundraisers, but according to numbers provided by the Social Security Administration, the Clintons would easily be in the top 0.01% of all income earners in America since leaving the White House.  So was Hillary Clinton joking, or is she really this out of touch with ordinary Americans? (Read More....)

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Half The Country Makes Less Than $27,520 A Year And 15 Other Signs The Middle Class Is Dying

Depressed - Photo by Sander van der WelIf you make more than $27,520 a year at your job, you are doing better than half the country is.  But you don't have to take my word for it, you can check out the latest wage statistics from the Social Security administration right here.  But of course $27,520 a year will not allow you to live "the American Dream" in this day and age.  After taxes, that breaks down to a good bit less than $2,000 a month.  You can't realistically pay a mortgage, make a car payment, afford health insurance and provide food, clothing and everything else your family needs for that much money.  That is one of the reasons why both parents are working in most families today.  In fact, sometimes both parents are working multiple jobs in a desperate attempt to make ends meet.  Over the years, the cost of living has risen steadily but our paychecks have not.  This has resulted in a steady erosion of the middle class.  Once upon a time, most American families could afford a nice home, a couple of cars and a nice vacation every year.  When I was growing up, it seemed like almost everyone was middle class.  But now "the American Dream" is out of reach for more Americans than ever, and the middle class is dying right in front of our eyes. (Read More....)

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Cities All Over America Are Becoming Extremely Cruel To The Homeless

Homeless - Photo by psyberartistHave you ever given food to a homeless person?  Well, if you do it again in the future it might be a criminal act depending on where you live.  Right now, there are dozens of major U.S. cities that have already passed laws against feeding the homeless.  As you will read about below, in some areas of the country you can actually be fined hundreds of dollars for just trying to give food to a hungry person.  I know that sounds absolutely insane, but this is what America is turning into.  Communities all over the country are attempting to "clean up the streets" by making it virtually illegal to either be homeless or to help those that are homeless.  Instead of spending more money on programs to assist the homeless, local governments are bulldozing tent cities and giving homeless people one way bus tickets out of town.  We are treating some of the most vulnerable members of our society like human garbage, and it is a national disgrace. (Read More....)

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