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

The Economic Collapse ^ | 10/07/2010 | Michael Snyder

[Steely Tom]

Noticably more cars on the road that need new mufflers.

[illiac]

This is exactly what zero wants....a banana republic

[equalitybeforethelaw]

Hey, Buck Up America. Shoosh.

[Citizen Tom Paine]

It could be a planned step to wipe out the middle class. The middle class permotes stability. Look at Germany between WWI and WW II. Soon we will see armies marching when the demigods arise.

[stuartcr]

I don’t know...seems like there’s an awful lot of new phones and mobile computing devices being used. These all require access fees of some sort. Lots of internet usage also.

[silverleaf]

Just wait for the tax increases- AMT gonna hit the middle class, plus tax rates going up

I can already see there goes to govt most if not ALL the savings we are squeezing out of what’s left after expenses. These arrogant boobs in the WH and congress think people making $250K are on easy street, sitting on pots of money and just too selfish to give a little more to gubmint

[rovenstinez]

So...all along was America a GREAT Country with Great Citizens all having the ability to fix things and adjust to adversity and discomfort...or was it a Great Gov’t with Intelligent controllers who guided the Sheeple....

[oldbrowser]

Semi-skilled workers have to compete with automation of machinery, foreign imported goods, and illegal immigrants. The government keeps raising the minimum wage and hiring semi-skilled labor and then providing insurance and other benefits is no longer economical.

Those people that are not prepared to compete for employment will have a difficult future.

[madison10]

Have you been following me around? LOL

[ozark hilljilly]

In our household the standard of living has dropped remarkably in 2 years.
And this is with no major debt. (house paid off, credit cards paid in full)
Now we have no debt and we’re broker than ever! Weird.
But my line of work is dependent upon the “prosperity” of others.
Bad times are just now hitting where we are at...takes a while in the boonies for the bad crap to reach us.

[ecomcon]

#25 For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all American households put together

We are serfs, indentured servants.

To me, Banks = Stock Markets = Government

[mo]

What it means..is our nations creditors, aided and abetted by a corrupted congress..have ganged up on We the People...

[fml]

We have the richest poor in the world

[printhead]

I thought about this for years now. With corporations more powerful than governments, the only thing left to do is globalize. You can’t establish a GLOBAL pay scale until the American middle class is reduced to the rest of the globe. That’s where we’re headed IMHO.

[stuartcr]

...and the most well-fed!

[houeto]

Thank you for posting the entire article.

[pieceofthepuzzle]

“#12 According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010.”

This is particularly terrible. I would like to know what percentage of those children were born into that situation vs. those that wind up there because of a decline in parental income etc. I would also like to know what percentage of children are born to families that have no income except government assistance. I want to be understanding and empathic about all of this, but if you are down and out and have no income you should probably put off having more children until you get back on your feet.

[BobP]

We are serfs, indentured servants.

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Obama, the king and master of nothing, kills America financially and when the economy realizes some growth again, those waiting to get rehired as managers and engineers start to find they have to work two jobs as cashiers and janitors.

Welcome to Marx-o-nomics.

[DeathBeforeDishonor1]