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30 Stats To Show To Anyone That Does Not Believe The Middle Class Is Being Destroyed

If you know someone that still doesn’t believe the U.S. middle class is literally falling apart, show them this video because by the end of it, they will probably have a different opinion. Overall, the long-term trends that have been eviscerating the middle class just continued to accelerate in the past few years. The percentage of middle-class jobs has significantly shrunk while the wealth of the typical American household has fallen precipitously. Homes are still the main asset class helping American families climb the income ladder, however, the rate of homeownership has been steadily declining as housing costs exploded all across the country. Now, we’re seeing millions of middle-class households struggling to keep up with the rising cost of living. And yet, the decline of the U.S. middle-class is a crisis we’re not properly paying attention to.
Inflation has actually been squeezing the middle class for decades, but official numbers mask this reality. For instance, everyday expenses for middle- and low-income families rose 40% beyond what the Consumer Price Index would indicate, more than wiping out a middle-income worker’s gains. Another example of this is that between 2001 and 2020, rents shot up by 150%, at the same time, the official measure of housing costs only grew by a mere 54%. As housing prices soar, middle-class households with median annual incomes of $100,000 can only purchase homes in 36% of the country’s markets whose value is below $428,700 – and that’s assuming they already have a 20% down payment on hand. This also means that the middle class is now locked out of 64% of housing markets, BlackKnight data shows. 
The skyrocketing prices of fuel, food, housing, and other necessities are extremely disconcerting to Americans who live paycheck to paycheck. Despite recent wage gains, 64% of the entire population was living paycheck to paycheck in March, meaning that over two-thirds of Americans reportedly said they had “little or nothing left at the end of the month after expenses,” according to a LendingClub survey. Even rich people are living paycheck to paycheck. LendingClub reported that more than one-third, or 36%, of paycheck-to-paycheck consumers in the U.S. earn at least $250,000, suggesting that inflation is affecting how Americans of all income levels handle their budgets.
According to the National Institute on Retirement Security, 62% percent of middle-class Americans are worried about not having enough for retirement. Tyler Bond, the institute’s ​​research manager said that the US “can no longer afford retirement”. A new report from the National Institute on Retirement Security found that the tax breaks designed to encourage Americans’ retirement savings disproportionately benefit high-income households and do little to assist middle-class families.
There are so many families out there facing financial hardships right now. So many husbands and wives constantly fighting with one another about money without even understanding that the position they’re at right now is the result of decades of terrible decisions made by our so-called leaders. Without the middle-class, America loses its foundation. And as this group gets smaller and smaller, poverty is gradually spreading across the nation.
That’s why today, we compiled 30 statistics that prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed.

For more info, find us on: https://www.epiceconomist.com/
And visit: http://theeconomiccollapseblog.com/

Written by Epic Economist

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  1. The rich destroyed America long ago any fool could see this years ago no one can live in a $30.00 rigged economy on $12-15 an hour the rich learned this trick from Communist China! That's why they are in favor of importing foreign slavery?
    We are going to have a depression, then what will the rich do then?

  2. No worries, The US owns the world' s 25hr cash printing machine. We can just unload another 3-6trillions to stimulate the economy and help the people tide over. Long live the USA!
    Long live Biden for a greater USA!

    Anyway, there aint no nothing that the world can do to stop us. We are supreme and answer to nobody out there.

  3. If you work 7 days a week you can pay for your own house. If you have 2 people doing it together you can each do it at a regular 40 hours a week or less. If you can't you live in too expensive of an area, usually a big city or a jacked up state like new york or california. If you still can't do it in a cheaper area you are just lazy and don't want to work. It's not that difficult to be an adult.

  4. Last year was a time for lowest employment mass number of people quit their job for better pay. This year we saw all business increase their product cost to cover the cost of employees. Plus some business charging more for all previous losses due to instability. Lets see what will happen next.

  5. And I thought I was gonna stress a little bit less ounce I got used to this
    ”adulting thing”

    Damn dude.. I’m not really looking forward to the future that much anymore tbh

  6. The Republican response to this: Let them eat cake. Blame gays. Blame immigrants. Blame trans people. Blame Blacks. Blame non-existent Leftists and Marxists. Never ever blame the system and the oligarchy that the GOP slavishly defends.

  7. Interesting new development. My theory for the security,prosperity and insuring of liberty for the ''' Collective Of North American & Western Civilization'' best at this Point In Time.

    Good News is that Eye Love You. Calling for an immediate ceasefire !

    That stated, read the following thrice carefully and and please only discerning, wise and questioning persons respond : Back in October 2019, as a World Peace Advocate, Independent Student Scholar of History, Geopolitics, Wars & Civilizations and Independent Security Analyst and Theorist HAD concluded that we ( North America, NATO member countries and THE WEST) are on a path towards WW3 due to the US-CHINA TRADE WAR begun by the Trump Administration back in early 2018, The Arrest of the CFO of Huawei Meng Whenzou by the RCMP in Canada in order to honor an extradition treaty with the USA, other geopolitical events, & the historical event known as Pearl Harbor. Concluding as an Independent Thinker, Analyst and Philosopher that we ( Humanity ) are on a Path Towards WW3 HAD created, designed & made a New Training Program produced to go hand in hand with a WW3 scenario. Thus, October 17 2019 HAD performed the 1st session of the General War Integrated Total Body Training System aka The 300 Workout integrated & in parallel to a near future timeline witch was the WW3 scenario. 93 Days later, the COVID 19 Crisis Began ! In parallel to my WW3 scenario witch is caused by a Stock Market Crash witch consequently triggers a Global Financial Collapse the Coronavirus began. Not sure what caused Covid believe it was snakes but cannot rule out another possibility. What do know is my scenario HAD a solution the creation of a New Institution : The International Citizen Integrated Social Security Force aka The Dragon Army witch am calling for the creation. Tell the Leaders of the Free World Dragon Zero's Message : Drop Down and give Dragon 13 pushups with Love & For The Sake of World Peace.

    What say ye ? Will you join the Dancing Goddess & Dragon Kingdom for World Peace ? Can u support, volunteer, bless & love Adrian Hannah Dragon's World Peace Work ?

  8. THE BOOK….
    1. "Live by Faith"
    2. "lawlessness"
    3. [Rapture, Harpazo, Rapturo]
    4. "Tribulation"
    5. "Second Coming"
    6. "Judgment"
    7. "New Earth"

  9. NICE VIDEO…. I HAVE BEEN TRADING FOR MONTHS NOW. I KEEP MAKING MORE LOSS THAN PROFIT. IS IT THE SIGNALS OR DO I TRADE WRONG COINS PLS I NEED SOME KIND OF ASSISTANCE OR ADVICE ON WHAT TO DO?

  10. Majority of my neighbors act like nothing is happening and doing their usual leisure activities… willful
    ignorance is the bane of preparation and survival.

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