"25 Reasons To Be Absolutely Disgusted With The U.S. Economy"

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"25 Reasons To Be Absolutely Disgusted With The U.S. Economy"

by Epic Economist

"It seems like wherever we look there is more bad news for the U.S. economy. While the cost of virtually everything continues to soar, American families are getting poorer and poorer. Most people are now stuck in low-wage jobs, and their salaries simply can't keep up with the rising cost of living. For that reason, American consumers are absolutely overwhelmed with massive levels of credit card debt, student loan debt, mortgage debt, and health care debt. With each passing year, the consumer debt crisis only gets worse. For millions of American families, financial problems, uncertainty, and stress never seem to end.

Meanwhile, our leaders are doing next to nothing to fix our horrific national debt problem. With all things considered, there are a whole lot of reasons to be absolutely disgusted with the U.S. economy right now. We are all witnessing the greatest debt bubble in the history of America, and people are finally waking up to the fact that we are heading for a complete and total disaster. Our entire financial and economic systems are rapidly falling apart. The signs are everywhere.

The Social Progress Index has shown that the quality of life in America has steadily declined over the past decade. The index, which is considered “the most comprehensive measure of a country's social and environmental performance independent of economic factors," determined that out of 163 countries, the U.S. saw the largest reduction in terms of the overall score. In 2012, the U.S. ranked No. 16 in terms of quality of life. Right now, the U.S. is in the 28th position, marking a 12-spot drop over the past 10 years. "Most countries tend to move forward," says Michael Green, chief executive officer of the Social Progress Imperative. "To move backwards is a remarkably bad thing to do. The fact that the U.S. is in the negative space is deeply worrying."

Our politicians have done a great job in destroying our future. They have let millions of middle-class jobs get shipped overseas, and now most of the U.S. population has been left with low-paying jobs that don't allow workers to make ends meet. They have enabled inflation growth while our buying power continued to shrink. They pushed the U.S. national debt over the 30 trillion dollar mark. They have inflated bubbles in financial markets and all across the economy. They took the greatest economy in the history of the world and completely wrecked it. How in the world are we going to explain this to our children and our grandchildren? Given the dire state of our nation, it's understandable why so many Americans are absolutely disgusted with the U.S. economy right now.

That’s why, today we compiled new numbers that illustrate the financial pain millions of Americans have been suffering."

- https://www.epiceconomist.com/