Posted on 05/11/2016 7:56:29 PM PDT by RayofHope
More than four-fifths of America’s metropolitan areas have seen household incomes decline this century, according to new research that exposes the politically charged reality of middle-class decline at the heart of this year’s presidential election.
The research on urban centres that are home to three-quarters of the US population shows that median household incomes, adjusted for the cost of living in the area, grew in just 39 out of 229 metro areas between 1999 and 2014.
(Excerpt) Read more at ft.com ...
Don’t have to tell me twice. It almost made me homeless. It stripped all of my savings and killed my incoming revenue. None of this happened before the Mulatto Manchurian Marxist stepped onto his throne. The silent majority is not going to take it anymore. Enough is enough.
WELL SAID!
Perfect Description!
What’s a middle class? /s
When health insurance costs go up 60-75% in a couple of years, it results in a huge hole in your bottom line.
I’m a single guy and I make an okay income. But paying for health insurance, paying for actual health CARE, a fifth of my income in TAXES, inflation in food, no interest in savings accounts...and it takes all I can do to keep from going backwards. While many others get all of that for FREE (well, I am paying for it) I cut coupons and go without this, put off that and forget about the other thing.
This is not what this nation was supposed to be, was it?
I’m off to bed. I have to work tomorrow to stay afloat.
Never mind, stagnant income. I’ve done fairly well and yet I feel poorer, with good reason - because I am! The government inflation numbers are complete, total, laughable crap. My cable will went up 15% this month (for one month, we may dump it entirely).
Medical care. It’s gone up on every end, from the cost, to the decline in benefits, to the increase in deductibles, to the cost of medicine. This swamped Obama’s $2500 dollar savings per year entirely!!! (BARF BARF BARF)
And JUST WAIT until you see your auto insurance this year. I read that in Atlanta, for example, it’s going up 25%. Yes, 25%.
I feel for you, I really do, especially since some in-laws must cost the government $100,000 in medical expenses each year. Between the two of them, they go to the emergency room nearly every week for...something, real or imagined. He's 5'11 400 lbs., she's 5'2 300 lbs. No job of course. It's disgusting. Sigh.
Spiel on local TV tonight about a guy who went to the ER because of a kidney stone attack. Was billed for slightly more than $9,000. ER was part of his insurance network but no docs there are so that was private pay and they charged him for all the equipment they used as none of this was covered under his network. Going to be a huge discussion on this come next Session in Texas.
What one Congressman is proposing is that the ER has to provide network doctors or cover the patient at the in-network rate and make the ER make up the difference to the doctors.
Going to be interesting session by the time they take this issue up as well as tackle all the people upset about the increase in their property values - which are huge - and cause their property tax and insurance rates to go up. Something is going to have to have a haircut!
I had my pay cut 40%, still drive a 1996 Buick, have no debt other than my mortgage. I’m surviving okay but have virtually no savings left.
We have become subjects instead of citizens.
Cities in particular can never hang on to a middle class because they have become clusters of people determined not to contribute anything for their own upkeep. While 1%ers have the discretionary income to do it, middle class people can’t sustain the costs of teaching, feeding, housing, and clothing these people.
Your situation, repeated millions of times over, is part of the issue with the unemployment figures for young people. I work with many people who simply can’t afford to retire; they’ll be worked to death and those jobs (often the type with benefits and such) aren’t available for anyone else.
A sad state of affairs...
You mean the rich got richer and it didn’t trickle down? I’m shocked.
I'm right there with ya buddy. Prior to the human wrecking ball I was a pretty successful guy. Have had to eat a lot of humble pie while the eliteists have only gotten far wealthier siphoning off our tax dollars the last few years.
I am not for reforming social security because I view as a simple tax cut for older working Americans that can never retire.
> I am not for reforming social security because I view as a simple tax cut for older working Americans that can never retire.
You make a good point because the way the Obama administration has destroyed the economy and our future I think pretty much every American except those who made their wealth and protected it pre-Obama are going to working up to the day of their death. The redistribution plan from the middle class to the uber wealthy by a Marxist president worked just the way Soros told him it would.
And I bet the kicker is they just gave him pain medication and plenty of water after making him rest in one of their "observation rooms" for hours billing him between $400 - $500 per hour then sent him home with the kidney stone intact offering nothing further to help him get the stone removed. I have family that work in the ER. They've told me how they bilk the patients using those rooms at such a high dollar rate per hour. Medical care has become wayyyy too expensive. On hospital stay can put you into bankruptcy and not even fix your problem.
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