Home»US»DYING MIDDLE CLASS NO LONGER MAJORITY IN U.S.; AVERAGE INCOME $5K LESS THAN IN 1999

DYING MIDDLE CLASS NO LONGER MAJORITY IN U.S.; AVERAGE INCOME $5K LESS THAN IN 1999

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Article first appeared at The Free Thought Project.

According to a new Pew Research Center report, the middle class is quickly vanishing off the face of the country.

Out of 229 metropolitan areas examined in the U.S., the number of middle class households diminished substantially in a whopping 203 of them. While there were a few towns that did well thanks to oil boons, they are few and far between.

The overall trend shows the middle class is dead.

On top of that, the average household is making eight percent less than what they did in 1999, while the cost of living has gone up dramatically since that time. Reports like this one keep saying we “haven’t fully recovered yet” from the 2008 crisis, but if you look at what’s going on out there, adding the word “yet” is just wishful thinking.

This report comes on the heels of a December 2015 report which found that just 50% of American adults lived in a middle-income household in 2015, versus 61% in 1971. The wealth gap continues to widen to astronomical levels as the average American is knocked down into poverty.

The Pew Report concluded with “The national trend is clear—the middle class is losing ground as a share of the population, and its share of aggregate U.S. household income is also declining.”

The plan seems to be to return America to feudalism. Might as well call the new system neo-feudalism. They want as many people at the bottom as possible so access to power can be tightly controlled at the top.


The Washington Standard

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