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Goodbye Middle Class: 50 Percent of All U.S. Workers Made $34,612.04 or Less Last Year
https://ourgoldguy.com ^ | October 18, 2021 | by Michael Snyder

Posted on 10/19/2021 5:27:41 PM PDT by RomanSoldier19

If we keep going down this path, soon we won’t have much of a “middle class” at all. When I first started writing about the economy many years ago, I often wrote about the tens of millions of “working poor” Americans that were enduring so many hardships. But at this point most of the nation now falls into the “working poor” category. That isn’t because wages haven’t been going up.

Little by little, wages have been incrementally rising year after year, but meanwhile the cost of living has been absolutely soaring. Paychecks have not even come close to keeping up with inflation, and this has been eviscerating the middle class. Today, the majority of the country is in constant “survival mode” financially, and that isn’t going to change any time soon.

When I was growing up, retailers that catered to the middle class did exceptionally well. My mother was constantly taking me and my siblings to JCPenney and Sears, and it seemed like that was where virtually everyone shopped.

But now such retailers are rapidly going extinct. Today, the retailers that are doing well are those that cater to the very bottom of the economic food chain (Walmart, dollar stores, etc.) or those that cater to the very top of the economic food chain.

(Excerpt) Read more at ourgoldguy.com ...


TOPICS: News/Current Events
KEYWORDS: disaster; homeless; theend
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Here’s IS 35K A YEAR GOOD? 6 WAYS TO LIVE STRESSLESS!

valuewalk

LINK

1 posted on 10/19/2021 5:27:41 PM PDT by RomanSoldier19
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To: RomanSoldier19

Wow! They were making $54k.


2 posted on 10/19/2021 5:29:29 PM PDT by CodeToad (Arm up! They Have!)
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That means it’s working!


3 posted on 10/19/2021 5:34:41 PM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: RomanSoldier19
That was Saul Alinsky’s basic goal. He knew that if you destroy the middle class we can have heaven on earth...as *he* defined it.
4 posted on 10/19/2021 5:38:51 PM PDT by Gay State Conservative (Covid Is All About Mail In Balloting)
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To: Gay State Conservative

Not disagreeing with you, elimination of the middle class is necessary for the tyrants to take over…..

But……a lot of the middle class destroys itself. People spend money they didn’t have on things they don’t need. Many live way beyond there means….paycheck to paycheck but they have all the toys, cable TV, new cars….


5 posted on 10/19/2021 5:43:17 PM PDT by wny ( )
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To: wny

Planned economy.


6 posted on 10/19/2021 5:51:37 PM PDT by DIRTYSECRET
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To: RomanSoldier19

That is likely because half of “US” workers are illegals or here with work permits after arriving illegally.


7 posted on 10/19/2021 5:54:15 PM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: RomanSoldier19

This is a desired outcome by TPTB

The middle class is dangerous and the only class that could atually fight the elites and have a real chance at winning


8 posted on 10/19/2021 5:58:44 PM PDT by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: RomanSoldier19

Notice how quickly Democrats took a booming economy and with the help of the communist Chinese and a virus squashed it like a bug, then stomped the bug once they stole the election. They are out to destroy America and also replace Americans. I viewed a video about them secretly transporting illegal aliens all around the USA, and you can check it out in crawler link top of page at Whatfinger News. If the left truly loved America as they claimed they wouldn’t be doing this. Dims also abort American babies while importing foreign kids and the answer as to why should be obvious.


9 posted on 10/19/2021 6:02:18 PM PDT by ProfessorGoldiloxx
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To: RomanSoldier19

you can make about the much at the local chic-fil-a


10 posted on 10/19/2021 6:02:30 PM PDT by TexasFreeper2009
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To: Gay State Conservative

Folks who haven’t read it should spend the short amount of required time to find and read ‘Rules For Radicals’, which is available online FREE. Those tactics can be used back on the left and they hate it when you do so.


11 posted on 10/19/2021 6:03:27 PM PDT by ProfessorGoldiloxx
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To: wny

Democrats are making everything old new again, and in this case that is serfdom.


12 posted on 10/19/2021 6:04:43 PM PDT by ProfessorGoldiloxx
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To: Reno89519

The truth is nobody knows how many illegal aliens are in the USA. The left insists it’s 11 million but they’ve used that number for DECADES now, as if they stopped arriving or breeding. It’s likely easily 50 million or more. Some of us remember no “dial 1 for spanish” when calling businesses.


13 posted on 10/19/2021 6:06:19 PM PDT by ProfessorGoldiloxx
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To: RomanSoldier19

They would make a lot more, and keep more in their pocket if taxes weren’t so high!

Too much thievery by government, from local to federal. It pushes up the costs of everything we buy and stifles productivity.


14 posted on 10/19/2021 6:10:54 PM PDT by roadcat
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To: RomanSoldier19

It’s why they keep rolling out new social issues for us to squabble over

I heard liberals want to ban DrSeuss etc


15 posted on 10/19/2021 6:12:38 PM PDT by Nomad577
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To: RomanSoldier19

Fifty years ago I thought making $5000 a year was great!
Then it became $7000.
A few years more and it was $8000.
Then $9000.
As time goes on, the amount needed for a comfortable living (keeping the wolf away from the door) increases.

And each time, the dollar becomes worth less, and buys less.


16 posted on 10/19/2021 6:16:30 PM PDT by Ruy Dias de Bivar (OUT OF FB JAIL! and back on the attack. For how long? Back in jail again! 4th time this year!)
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To: RomanSoldier19

Well, that’s more than $600 so they better turn their banking records over.


17 posted on 10/19/2021 6:21:00 PM PDT by monkeyshine (live and let live is dead)
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To: TexasFreeper2009

You can make more than that by going insane and collecting disability.


18 posted on 10/19/2021 6:22:43 PM PDT by monkeyshine (live and let live is dead)
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To: RomanSoldier19

It is the household income that is important. The bottom 50% of households had an income less than $69,200 in 2020. However, 25% of households had an income greater than $125,00. The rest were in between.


19 posted on 10/19/2021 6:23:32 PM PDT by proxy_user
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To: wny

Bet anyone an ice cream bar that NONE of the ILLEGALS paychecks were included...

Even the illegals working dairy farms in Wisconsin & lining up at the one teller at bank of Friday afternoon.


20 posted on 10/19/2021 6:26:46 PM PDT by ridesthemiles ( )
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