Full screen recommended.
"20 Signs That American Families Are Being Economically Destroyed"
by Epic Economist
"The systematic destruction of the American way of life is happening all around us. But still, most part of our population has no idea what is happening. Once upon a time in America, if you worked hard and managed your spending, you could support a middle-class lifestyle for your entire family with one good-paying job, even if you only had a high school education. We can't say that things were perfect, but back then almost everyone in the country was able to take care of themselves without the need for government assistance. We worked hard, we played hard, and our seemingly boundless prosperity was inspiring for many other economies around the world.
But things started to go downhill over the past few decades. We started to consume far more wealth than we produced, we shipped about 50 million good-paying jobs to foreign countries, we accumulated the biggest mountain of debt in the history of the world, and we kept voting for politicians that did not care at all about the long-term future of this nation.
Today, dependence on the government is at an all-time high, and that leaves millions of Americans in a very vulnerable position because we're at the precipice of the next great economic recession. Inequality is soaring. All of the gains from economic growth over the last half-century went to the top one percent of income earners, and incomes in the bottom half of the U.S. income distribution have actually declined when adjusted to the current inflation levels. Kaitlyn Henderson, senior research adviser at Oxfam America, highlighted that "it's shameful that at a time when many US companies are boasting record profits, some of the hardest working people in this country - especially people who keep our economy and society functioning - are struggling to get by and falling behind."
On the same note, according to Allison Sesso, executive director of RIP Medical Debt, a nonprofit organization that buys consumer debt from healthcare providers or aggregators for pennies on the dollar, “The system is rigged against the American worker. Medical debt is uniquely American and it’s a by-product of the broken financing of our healthcare system. The majority of medical debt is owned by people who don’t have the money to pay for it,” Sesso explained.
These are incredibly hard times for millions of us - and as opposed to what some say, most people are not in such distressing situations because they want to. Rather, they are victims of our long-term economic decline. The downfall of our system has just begun, and the next recession is going to unleash widespread financial suffering in our country. As we enter that time, we will need a whole lot more empathy and compassion than we are exhibiting right now. Everything is falling apart at the seams in our nation, and life in America is about to change in an irreversible manner. The numbers we're about to share with you are staggering, and you probably fit into one of these categories or faced some of these challenges yourself. Here are 20 Signs That American Families Are Being Economically Destroyed."
No comments:
Post a Comment