Full screen recommended.
"15 Facts About The Financial Condition Of
American Families That Will Blow Your Mind"
by Epic Economist
"The U.S.economy has been in a very vulnerable position over the past few decades. We’ve faced lots of ups and downs, but the declines have been far deeper than any rebounds recorded along the way. In recent years, economic conditions have become particularly dire. The cost of living is rising at a much faster rate than wages, and the vast majority of jobs do not offer enough financial support for workers to make ends meet. That’s why for millions of Americans being “flat broke” has become a permanent status.
Families are coping with an unprecedented level of financial stress as the price of everything hit new record-highs with each passing every week. For those living paycheck to paycheck, this situation has been an absolute nightmare. People are seeing their weekly earnings rapidly disappear as their bills get higher and higher, and most of them cannot afford to cover any emergency expenses. On the other hand, labor conditions continue to deteriorate. Most jobs out there are low-paid and employees are forced to work exceedingly long hours to get enough money to survive for another month.
Middle-class families aren’t immune. In fact, the U.S. middle-class is shrinking at a very alarming rate ever since most of our middle-class jobs have been shipped to foreign markets. In every new survey, study, or analysis published by analytics firms, the results show the same thing – the financial conditions of the average American family continues to decline. Today, soaring living costs are the number one financial concern for American families.
As wages stagnate and inflation runs rampant, more and more families are taking on extraordinary amounts of debt to preserve their living standards, while others are taking on loans to afford unexpected health expenses, or prevent their homes from being foreclosed. And those whose credit score doesn’t even allow them to get a loan, are actually having to rely on government assistance to stay afloat.
The economic reality American families are having to endure is extremely different than the one wealthy CEOs have to face. And yet, last year alone, CEOs earned over 350% more than the average American worker. One of the main difficulties we are having today and that is likely to persist for many years is the lack of good jobs.
Over 50 million middle-class jobs have been shipped overseas over the past few decades. Our leaders have promised us that outsourcing our production to economies of other nations where it is legal to pay slave labor wages to workers would not affect America’s working conditions. Of course, that’s far from the truth. And many people are realizing this just now.
The numbers we compiled in today’s video will expose that right now, more Americans than at any other point since the 1950s are “flat broke” and have lost hope. Until something changes in the way this country is run by our leaders, the level of dÃspair and frustration in the United States will continue to grow. Here are 15 facts about the financial condition of American families that will blow your mind."
No comments:
Post a Comment