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The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It

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The Middle Class In America Is Being Wiped Out – Here Are 60 Facts That Prove It
Friday, January 4, 2013 14:51
 
 
 
 
 
 
Exposing The Truth About Our World One Story At A Time

The Middle Class In America Is Being Wiped Out - Here Are 60 Facts That Prove It

The middle class in the United States is being systematically destroyed, and nobody is doing much of anything to stop it.  Our incomes are shrinking, our share of the income pie is at an all-time low, our jobs are being sent overseas, debt burdens have soared to unprecedented heights and millions of formerly middle class Americans have fallen into poverty.  America once had the largest and most vibrant middle class that the world has ever seen, but now it is rapidly being shredded.  Unfortunately, this is particularly true for younger Americans.  Today, families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.  That is astounding.  The truth is that there are not enough decent jobs for the hordes of young people that are entering the marketplace each year.  Once upon a time, a college degree was just about a guaranteed ticket to the middle class, but in 2011 more than half of all college graduates under the age of 25 were either unemployed or underemployed.  Sadly, statistics tell us that the younger you are, the less likely you are to have a chance to live “the American Dream”.  Nearly half the country already lives in a household that receives direct financial assistance from the federal government, and that percentage grows with each passing day.  We are rapidly being transformed from a country of middle class citizens into a country of impoverished government dependents.  If dramatic changes are not made, the middle class in America will continue to decline every single year.  What would our society look like if the middle class disappeared entirely at some point?

The following are 60 facts that prove that the middle class in America is being wiped out…

#1 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

#2 As the middle class shrinks, more Americans than ever have been forced to become dependent on the federal government.  Federal spending on welfare programs has reached nearly a trillion dollars a year, and that does not even count Social Security or Medicare.  Welfare spending is now 16 times larger than when the “war on poverty” began.

#3 Median household income in the U.S. has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#4 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#5 The number of Americans living in poverty has increased by more than 15 million since the turn of the century.

#6 The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.

#7 Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

#8 According to the Pew Research Center, 61 percent of all American households were “middle class” back in 1971.  Today, that figure has fallen to 51 percent.

#9 In the United States today, 35 percent of all households live on $35,000 or less each year.

#10 One recent survey discovered that 85 percent of all middle class Americans believe that it is harder to maintain a middle class standard of living today than it was 10 years ago.

#11 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#12 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

#13 In 1989, the debt to income ratio of the average American family was about 58 percent.  Today it is up to 154 percent.

#14 Total U.S. household debt grew from just 1.4 trillion dollars in 1980 to a whopping 13.7 trillion dollars in 2007.  This played a huge role in the financial crisis of 2008, and the problem has still not been solved.

#15 While debt loads for middle class families are going up, the net worth of those same families is going down.  According to the Federal Reserve, the median net worth of families in the United States declined “from $126,400 in 2007 to $77,300 in 2010“.

#16 The percentage of working age Americans with a job has been below 59 percent for 40 months in a row.

#17 Today there are about 3.25 million Americans that say that they want a job but that have not searched for a job in more than a year because they believe that it is so hopeless.

#18 When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.

#19 The unemployment rate for African-Americans rose dramatically from 13.2 percent in November to 14.0 percent in December.

#20 The unemployment rate for Americans in the 18 to 29 year-old age bracket is 11.5 percent overall.  For African-Americans in that age group, the unemployment rate is now up to 22.1 percent.  Millions of young people believe that the system has totally failed them.

#21 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

#22 Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.

#23 Today, approximately 25 million American adults are living with their parents.

#24 According to the Tax Policy Center, the recent fiscal cliff deal will raise taxes more for those making between $30,000 and $200,000 a year than it will for those making between $200,000 and $500,000 a year.

#25 According to a Gallup survey, only 60 percent of all Americans say that they have enough money to live comfortably.

#26 One recent survey found that 63 percent of all Americans believe that the U.S. economic model is broken.

#27 Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.

#28 Consumer debt in America has risen by a whopping 1700 percent since 1971.

#29 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#30 The average American household spent approximately $4,155 on gasoline during 2011, and electricity bills in the U.S. have risen faster than the overall rate of inflation for five years in a row.

#31 According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.

#32 Health insurance costs have risen by 23 percent since Barack Obama became president. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#33 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#34 According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#35 The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#36 The United States has lost more than 56,000 manufacturing facilities since 2001.

#37 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#38 In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million.

#39 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#40 Since 2000, U.S. multinational corporations have eliminated 2.9 million jobs in the United States and have added 2.4 million jobs overseas.

#41 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

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

#43 At this point, one out of every four American workers has a job that pays $10 an hour or less.  If that sounds like a high figure, that is because it is.  Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

#44 According to the Pew Research Center, only 23 percent of all American workers believe that they have enough money to get them through retirement.

#45 According to the Economic Policy Institute, the wealthiest one percent of all Americans households on average have 288 times the amount of wealth that the average middle class American family does.

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

#47 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.

#48 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

#49 At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

#50 The United States now ranks 93rd in the world in income inequality.

#51 The average CEO now makes approximately 350 times as much as the average American worker makes.

#52 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

#53 Today, 40 percent of all Americans have $500 or less in savings.

#54 One recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.

#55 Shockingly, at this point 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#56 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

#57 According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government.  Back in 1983, that number was less than 30 percent.

#58 According to U.S. Census data, 57 percent of all American children live in a home that is either considered to be “poor” or “low income”.

#59 For the first time ever, more than a million public school students in the United States are homeless.

#60 According to a stunning new Gallup survey, 65 percent of all Americans believe that 2013 will be a year of “economic difficulty”.

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Comments

1.
rdgrnrComment by rdgrnr - January 5, 2013, 2:11 am
They want us all dependent on the government just to survive.
They think maybe we'll do what we're told then and behave.
And the Democrats will.
But that's cuz they got no balls.
2.
CajunWin4Comment by CajunWin4 - January 5, 2013, 2:21 am
I will never depend on the GOVERMENT for any type of Help !! I never asked for any type of relief Runds or Loans from the Goverment after the Storms in Louisiana . They can't give me anything I can't build or replace on my own . I will be a very Bad day in America for People who can't fend for them selves if Barry ever has his way . They just don't see it coming !! Very Sad Indeed ...
3.
rdgrnrComment by rdgrnr - January 5, 2013, 2:30 am
Roger that.
4.
four4meComment by four4me - January 5, 2013, 2:49 am
So all veterans should burn their GI bill of rights.. not buy a house that the government guarantees a loan on. Don't use their health care services etc etc.

Get a grip..... without the GI bill of rights even more vets would be homeless, sick or dying.
5.
CajunWin4Comment by CajunWin4 - January 5, 2013, 2:57 am
I gues your not up to date on Everything has done to the Military :
what exactly is Obama trying to accomplish with all he has DONE to our military?" when in doubt, GOOGLE IT

Obama decides the Ft Hood Shooting was a case of “Work place violence”; instead of Islam infiltrating Our Military;

Rips the Military Budget as he gives politicians a raise;

Cancels Military Retirement;

Changes the Rule of Military Combat Pay;

Ships shell casings of ammunition to China.

Announces to the world about the cut in Nukes;

Orders the Military to lie about Afghanistan;

Flags are flown at half staff when a hero dies — allows the American Flag at half mast for a black singer;

Decides NOT to give a Purple Heart to the survivors of the Ft. Hood Shooting calling it “work place violence”;

Fraudulent Affirmative Action Picked for Head Drill Sergeant;

Slashes 1,200 National Guard to 300 along the borders for Terrorists to enter;

Despite his approving of Sodomy and Bestiality — Military Restores Ban;

Disrespects Seal families;

Veterans’ Cemetery must ban “GOD and Jesus from Military graves.”

Violates the rights of Military Chaplains.

Lies about bin Laden’s death…won’t show pictures or video of Islamic burial at sea. lies about helicopter crash

No seals were Injured during Bin Laden raid…however, those who knew died (can’t remember the exact number)

Repeals DADT….

Wanted injured military to pay for their own medical expenses because they had volunteered to fight in the military…..

(12/28) Breaks Promise to Military and keeps Troops in Afghanistan until 2014

(01/12) Obama quietly signed the NDAA, the National Defense Authorization Act, which nullifies the Bill of Rights and declares America to be a “battleground” in which all American citizens can be arrested, imprisoned, tortured and even killed with no due process.

(2/09) Obama Guts Military and gives Bureaucrats a Raise

(2/10) Denies Hero(s) Purple Hearts — calling Ft. Hood Shootings as Work Place Violence

(2/14) Military Chaplains charged with sedition/Treason for teaching against sin

(2/16) Military to Fake Belly, Breast to better understand how females in the Military feel;

(2/25) Our Military burned Koran and Obama apologized causing the deaths of two Officers who were unarmed were shot in the back of the head in a secured location.

2/26 Obama doesn’t stand with Military as NATO tries to prosecute the Military men who burned Koran;

(2/26) Military Refuses to take orders from him;

(2/26) Takes healthcare away from Military; Triples co-pay on their insurance.

(2/27) Obama mocks Military by burning a Bible

(2/27) Military now responsible for their own health care (even when they come back from the Middle East without a limb, etc.)

Under the Radar, he sends troops to 4 African countries Changes Rules of Engagement

Forcing Troops to Lie about the Progress in Afghanistan

Obama threatens Chaplains: “You can’t preach against me in chapel.”

(3/4/12) Obama threatens Chaplains: “You can’t preach against me in chapel.”
(just following) Chaplains cannot preach against sin

3/27/2012 — Tax “our” Military to give to HIS New Military

4/14 – Army Generals Plead With Obama “Bring them HOME”

(4/23) – Military Rates Obama as the worst President they have served with

(4/25) Seals Blast Obama for using them as Campaign tools for going after Osama Bin Laden

(05/01/12) Forcing New West Point Cadets to become PC for Muslims

(05/04/12) Forced Our Military to shove their butts in the air praying position to Islam

(05/05/12) Cuts Military Budget “again” setting us up for defeat

(05/06/12) Chip under the skin for Military Personnel

(05/09/12) Backs Taliban as they Kill Our Military

(05/09/12) Claims Military are fighting on “his” behalf

(05/10/12) Obama Releases Taliban Terrorists while Military Man Held captive for 3 yrs

(05/11/2012) Obama Suspended Classes on Islam — The way to save the world is through Nukes (like WWII)…

05/13/2012) Slashes Military Budget for healthcare to build $750,000 exercise facilities for Muslims who are incarcerated

(05/13/2012) Obama Cuts $13 Billion from TriCare for Military

(05/14/2012) Obama offers purple heart to the victims of terror BUT NOT those at Ft. Hood+ considered Ft. Hood “work Place Violence”

(05/16/2012) The Navy just fired it’s 16th command officer for 2011 REPLACED w/Obama Appointee

Navy Commander Fired Over Falsified Records REPLACED w/ OBAMA Appointee

NAVY FIRED Five Attack Submarines CO’s REPLACED w/ OBAMA Appointees

Navy Fires 10th CO This Year REPLACED w/ OBAMA Appointee

Navy Relieves CO of New Ship REPLACED w/ OBAMA Appointee

Navy Medicine CO Fired for Poor Command Climate REPLACED w/ OBAMA Appointee

USAF CHIEF OF STAFF FIRED REPLACED w/ OBAMA Appointee

NORTHCOM Commander fired REPLACED w/ OBAMA Appointee

15 ARMY GENERAL FIRED REPLACED w/ OBAMA Appointee

5 MARINE GENERALS FRIED REPLACED w/ OBAMA Appointee

( 05/21/12) President Betrayed Troops by releasing a known terrorist killer

(05/23/12) Obama Undermines Troops Putting Taliban in Power as They KILL OUR TROOPS;

(05/28/12) Memorial Day: Makes the day to honor OUR Troops all about him

(06/01/12) Veto promise comes because House GOP leaders are breaking faith with last summer’s budget deal by cutting overall funding for agency operating budgets by $19 billion,almost 2 percent.

(06/07/12) Obama’s uses Memorial Day to Campaing in Photo-Op by blocking families of Vets from D.C. Vietnam Memorial

(06/07/12) Same Sex Marriage on a Military Base

(06/08/12) Obama cuts back on Military causing them to have to improvise

(06/10/12) More Troops Die of Suicide than from War

(06/11/12) Memorial Day-Obama shuts out Military, friends/family forced to pay respect 100(s) of yards from the sit behind a fence

(06/11/12) Prior to this day, VietNam vets and family members denied access to wall

(06/11/12) Too busy to allow the Fly-Over by the Thunderbirds during the Memorial Day Celebration..he cut it short because he had places to go campaign;

(06/14/12) Pentagon Bans Bibles

(06/20/12) More Military are committing suicide than from being killed in battle.

(06/20/12) Disciplines Military for Burning Koran

(06/21/12) Obama Orders Military to Celebrate Gay Pride Month

(06/26/12) Obama Forbids Chaplains to mention Jesus

(06/30/12) Obama allows Terror-Linked CAIR Targets Navy Seals Training

(06/30/12) Obama wants Military to pay-up more on their Tricare Insurance

(07/03/12) Obama sends troops to Persian Gulf-further spreading troops thin

(07/07/12) Obama Refuses to Offer the Flag of the United States to the Family of a Fallen Hero; Gives the Responsibility to the Secretary of Defense

(07/30/12) Obama to Turn Military into Social Workers

(08/02/12) Obama to Keep Military from voting

(08/04/12) Massive Cuts to Military Healthcare

(08/16/12) Obama Campaigns Strikes Back Against Former Navy Seal

(08/21/12) Obama Dismisses Seals “Don’t take them too seriously

(08/21/12) Too many Military Deaths in Middle East — Obama should change plan

(08
6.
rdgrnrComment by rdgrnr - January 5, 2013, 3:00 am
You're cherry pickin' again, four4me.
Who said anything about GI benefits?
That's something Uncle Sam OWES to the people who served!
7.
four4meComment by four4me - January 5, 2013, 5:33 am
read the 1st sentence in comment #2 how many more peope feel this way.

If you get a pink slip have a wife and kids do you not go to the unemployment office.

Suppose a husband and wife who work at the same place and both get pink slips aren't independently
wealthy like the some of you. Who also have children. Should they not seek or get assistance for the family by whatever means available like unemployment checks, food stamps, etc until they get gainful
employment.
8.
rdgrnrComment by rdgrnr - January 5, 2013, 1:09 pm
Nobody has any argument about people using the safety net the taxpayers provide when they need it.
It's when they make the safety net a hammock for the rest of their lives that we get pissed.
And there are MILLIONS of Democrats doing that everyday - for GENERATIONS.

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