Americans must remember that even though our standard of living is being destroyed, it is being done “for the children”. After all the democrats have told us everything they do is “for the children”; though should be evident by now to all Americans, what the democrats do is not “for the children” of Americans.
I took an assessment of my family recently and pointed the same thing out to my wife. Her two adult kids are, even with our help, living just above the grasp of poverty. The outlook for the grand kids at this trajectory is woeful. Our resources are up a tad over the past ten years but in constant dollars, they are down albeit we are still in the upper quartile. We are not pulling away rather the bottom is falling fast IMO. Part of this is the very low interest rates supported by the fed: it has led to zero income on fixed investments and a dramatic drop in the dollar and by extention purchasing power.
Where does this all lead? Well, I probably will not be here to see it due to age but for those under 50 I would expect a giant upheaval in the future and it is not going to be pretty. IMO having had some degree of wealth and having seen it evaporate is much different than never having had any at all. Those foisted far below the relatively comfortable life they enjoyed will be the ones most willing to strke out. My advice, arm up if you have not done so yet.