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Middle Class Erosion: 33 Million Americans Can't Afford To During The Holidays

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  • Middle Class Erosion: 33 Million Americans Can't Afford To During The Holidays

    By CoyotePrime (Reporter)


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    “We have repeatedly been told that the U.S. economy is “booming”, but meanwhile the middle class in the United States continues to be hollowed out. The financial bubbles that the Federal Reserve has created have been a great blessing for those at the very top of the economic pyramid, but most of the country is still deeply struggling. According to one survey, 78 percent of all full-time workers in the U.S. live paycheck to paycheck, and that doesn’t even include part-time workers or those that are unemployed.

    We have also been told that unemployment is “low”, but the real numbers tell us that there are more working age Americans without a job in 2018 than there was at any point during the last recession. Most of the people that my wife and I know are struggling, and I continually get emails from readers all over the country that are struggling. The sad truth is that the middle class is slowly but surely dying, and more people are falling into poverty with each passing day.

    And we got more evidence of this fact on Tuesday. According to one new survey, 33 million Americans will not travel during the holiday season because they simply cannot afford to do so: Wallet Hub’s Winter Travel Survey has revealed a disturbing trend: 33 million Americans won’t travel this winter because they can’t afford it.”

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  • #2
    The root causes explain our present day economic woes, including employment and the near loss of the middle class. Our economic troubles didn't start in recent years, they actually started shortly after WWII. If one researches and traces the sequence of events, they'll find that we lost our economic superiority through unfair, unjust, and one-sided foreign trade agreements and policies. This began shortly after WWII when we were trying to rebuild Japan's economy after the war. We started importing almost everything Japan wanted to sell us, including goods that we were mass producing here at home. This lead to opening our markets to other countries that were considered behind the curve economically. Over time, this U.S. market flooding included Korea, Pakistan, Taiwan, China, Mexico, and south and central America. The results have been economically devastating here at home.

    Over the past 60 years, we've lost most or all of many industries, including textiles, electronics, furniture, housewares, tools, toys, automotive parts and supplies, farm equipment, steel, and building products. We've closed plants and factories that once provided living wage jobs that covered all education and skill levels. Along with the jobs lost, we also lost many skills that were once handed down from generation to generation. America no longer produces what America uses and consumes, we've become import dependent, and more concerned with strengthening foreign economies than our own. While closing many plants and factories, our workforce stood in long unemployment lines, and surviving off of unemployment checks and government assistance programs. The backbone of the middle class was given to foreign economies through unfair, unjust, and one-sided foreign trade agreements and policies, and that practice continues today.

    To make matters even worse for the middle class, automation, innovation, and technological advances have also taken many jobs once requiring the human touch. Modernization, through technology, has replaced the need for many job descriptions, thus eliminating hundreds of thousands of employment opportunities that once were in high demand. In addition, it wouldn't be a complete picture without mentioning the devastation union labor had on the loss of millions of jobs over the years. Due to high union wages, union made products became too expensive for many consumers. This encouraged the markets' flooding of cheap foreign made goods, which has now grown to occupy 80% of shelf space in retail stores.

    We are no longer a self-supporting economy, nor are we a self-supporting citizenry. In reality, government debt is presently the only catalyst keeping our economy afloat. We have multi-millions receiving some form of government assistance, millions unemployed, and many workers have thrown in the towel and have just given up. The cost of living still outpaces wages, and the number of poor is increasing each year. More of the so-called middle class have fallen backwards economically, than those that have risen financially. Population growth, along with fewer job opportunities that cover all education and skill levels, ensure that the so-called middle class will continue to melt away, and most of them will fall backwards financially, more so than those that realize an elevated financial status.

    Another issue worth mentioning while we're talking about middle class devastation, is the economic devastation caused by illegal immigrant labor, the off-shore out-sourcing of jobs, and the importing of labor. Employers are looking for CHEAP labor, and it doesn't matter where it comes from. This is a cruel blow to our workforce. The middle class doesn't stand a chance of survival considering the economic environment created over the past 60 plus years. GREED has taken over America, especially corporate America, and we're now at the mercy of those that are responsible for protecting, and for ensuring, our economic well-being.

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    • #3
      You don`t need to be in a middle class. If you are a successful person with creative ideas and good persistence. It is not surprising that you do not have enough time to pass the items at the college, it just takes a lot of time. There is a service BuyDissertations.com where you can get writing help from a personal expert team

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      • #4
        Originally posted by Kapuchink View Post
        You don`t need to be in a middle class. If you are a successful person with creative ideas and good persistence. It is not surprising that you do not have enough time to pass the items at the college, it just takes a lot of time. There is a service BuyDissertations.com where you can get writing help from a personal expert team
        And how exactly does that off-set the negative economic environment created over the past 60 plus years? How does that relate to everyone in our workforce, regardless of their skill and education level?

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