"20 Shocking Facts Which Prove The Middle Class In America Is Dying"

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"20 Shocking Facts Which Prove 

The Middle Class In America Is Dying"

by Epic Economist

"You probably already heard about the decline of the US middle class. Over the past decades, incomes have been dropping steadily, workers' net worth has been going down, the quality of our jobs is decaying, and yet the cost of living just keeps going up. With each passing week, more price increases are announced, more shortages emerge and more supply chain disruptions occur, adding further pressure on the inflation outlook, and impacting our buying power and our ability to make ends meet. As a result of all these factors, more Americans are falling off their comfortable middle-class lifestyles and living in poverty.

Right now, the middle-class dependence on government assistance programs has exploded to unprecedented levels, and a weaker middle-class means that wealth disparity and income inequality are getting significantly worse in our country. We've been left in a very vulnerable position, and as working conditions continue to deteriorate, middle-income workers will continue to suffer. Stagnant incomes, falling wages, and lower purchasing power mean that fewer Americans are growing up to be better off than their parents. Upward mobility was once the almost-universal experience among America’s Youth, but that’s no longer the case.

We can all agree that our generation has a huge problem on their hands. Decades of reckless government decisions have driven us to the edge of a financial cliff. Today, the largest share of Americans who file for bankruptcy are in the middle class. In fact, the vast majority of middle-income workers are one unexpected healthcare bill away from falling into poverty. The newer generations are experiencing a level of financial insecurity only seen before during the Great Recession, and most of them will have to wait longer than their parents to start building their own wealth, buying a home, or owning a new car.

For America to have a healthy middle class, first, we need an economy that produces lots of middle-class jobs, and that's not the case. More than half of all jobs produced in the United States are low-paid. Meanwhile, entrepreneurship is declining at an alarming rate as millions of small businesses struggle to stay afloat amid the rising costs of everything. At the same time, we continue to outsource our production and ship millions of middle-class jobs out of the country every year, and until we start doing things differently, we are going to continue to get the same results, and the middle class will just keep getting smaller and smaller and smaller. Today, we compiled another round of stats that expose the dire state of America's middle class."

- https://www.epiceconomist.com/