15 signs that the middle class is vanishing

June 7, 2014 by History in a Hurry

CONTRA NEWS AND VIEWS

15 Signs That The Middle Class Is Vanishing

by Contributor • June 5, 2014

By Michael Synder at Economic Collapse blog

If 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.

Continue reading:

http://davidstockmanscontracorner.com/15-signs-that-the-middle-class-is-vanishing

Advertisements
Follow me on Twitter: @HistoryinaHurry

The only thing new in the world is the history you don't know.
-Harry S Truman

Enter your email address to follow this blog and receive notifications of new posts by email.

This site is powered by St. Ambrose Classical Homeschool, Vitamin D3, and Double Green Matcha Tea.

Gloria in excelsis Deo.