27 signs that standard of living for America's middle class is dropping like rock

[Liberal_in_LA]

27 Signs That The Standard Of Living For America’s Middle Class Is Dropping Like A Rock

If you still have a job and you can put food on the table and you still have a warm house to come home to, then you should consider yourself to be very fortunate. The truth is that every single month hundreds of thousands more Americans fall out of the middle class and into poverty. The statistics that you are about to read are incredibly sobering. Household incomes are down from coast to coast.

Read more: http://www.businessinsider.com/standard-of-living-middle-class-2010-10#ixzz14XOxIPDp


It means that the U.S. economy is headed for collapse and middle class Americans are in for some really, really hard times.


read the signs here:

http://www.businessinsider.com/standard-of-living-middle-class-2010-10#household-spending-for-the-middle-fifth-of-all-us-income-earners-was-down-35-in-2009-the-steepest-decline-on-record-1

[nc4bo]

1. !!!

Meanwhile, the U.S. economy is being rapidly assimilated into the emerging one world economy. Middle class American workers now find themselves in direct competition for jobs with the cheapest labor on the other side of the globe. Of course many multinational corporations have taken advantage of this by moving factories and jobs to countries like China where blue collar workers make about a dollar an hour. This has helped raise the standard of living for workers in those nations by a nominal amount, but it has been absolutely devastating for the standard of living of America's middle class.

So what does all of this mean?

It means that the U.S. economy is headed for collapse and middle class Americans are in for some really, really hard times.

What's the difference between a One World Economy and the New World Order?

Somebody? Anybody?

[Ruby the Liberal]

13. I don't think there is a distinction

The global economy and global leadership go hand in hand.

[Greyhound]

2. "For the first time in history, banks own a greater share of residential housing net worth

in the United States than all American households put together." (Sign 25)

More evidence of what everybody knows, they are stealing our nation out from under us, they are stealing more every single day, and nobody with the power is doing anything to stop it. Quite the contrary, those in power are forcing us to subsidize them for robbing us.

There will be change.

[Subdivisions]

7. They are literally culling and enslaving us. 'They' is RepubliCorp, that

sci-fi-like all power-encompassing oligarchal entity otherwise known as "The Company", which controls all aspects of our lives.

And their grip is tightening.

[cutlassmama]

8. +1

[truedelphi]

16. I would say that movement is "DemoRepublicorp."

As although the first Big Bailout was under Bush, both Sens. Obama and Hillary Clinton were essential to rounding up the votes in the Senate (then controlled by Dems) so that it passed.

And while Barack Obama has been the President, he immediately appointed Geithner, a creepy little man who further destroyed the Japanese economy back when the IMF sent the guy over to the Far East in the nineties. And who ignored the conflated Housing Bubble while Head of the New York Federal Reserve. he lies unabashedly to Congress,w hich is an impeachable offense. And Geithner continues to support unregulated derivatives, meaning we the tax payers could be on the hook for another half a quadrillion bucks of gambling losses by Timmy's friends on Wall Street.

But hey - at least this Presidency has that Big Beautiful "D" after its name!

[leeroysphitz]

10. Yes. Something has to change.

[ananda]

3. This is a fantastic link with more links inside it.

All worth exploring.

[nc4bo]

4. I agree. nt

[Subdivisions]

5. CHICKEN LITTLE! CHICKEN LITTLE! The sky is falling!

But seriously...

I can't tell you how many times I have posted that the economy is about to collapse. Few here believe it. And a few chastise.

Dismiss collapse if you will. But it is going to happen. And, when it does, the just-in-time food delivery system that brings food to your store will break down. That's not the time to realize you were wrong for attaching the chicken little label on those who tried to warn you.


ETA: Here's a fairly good overview and a quick read: http://theeconomiccollapseblog.com/archives/one-piece-of-moderately-good-economic-news-and-14-pieces-of-bad-economic-news-that-are-so-horrifying-you-might-not-want-to-read-them-standing-up

[Subdivisions]

6. Kicking this IN YOUR FACE. What, you can't handle the truth about our future? n/t

[treestar]

9. Oh noes! It's the end of the world!

This is silly. Look around. If you're in the middle class, at least, there is no excuse for this hyperbole.

[L0oniX]

14. *

[chill_wind]

11. Approximately 21% of all children in the United States are living below the poverty line in 2010 .

Lots of money for the wars and killing, though.

[Lorien]

12. ????

One of the images in the list:

[riderinthestorm]

15. Only the top 5% of all households have earned enough additional income to match the rise in housing

Another one from the article: "35% of all U.S. households now live on $35,000 or less".

This one will piss you off: "Wall Street bonuses for 2009 were up 17% when compared with 2008".

Or how about this one: "61% of Americans "always or usually" live paycheck to paycheck. That was up substantially from 49% in 2008 and 43% in 2007". That's a whopping 18% rise in two years!

Jayzus, you have to read this article. K and R! Just terrible.