America’s Middle Class Crisis: The Sobering Facts

America’s Middle Class Crisis: The Sobering Facts

American Middle Class Under Stress

Middle-income jobs have been replaced by low-income jobs

Two recessions, a couple of market crashes, and stubbornly high unemployment are all wreaking havoc on America's middle class.

In the accompanying interview, The Daily Ticker's Aaron Task discusses the state of the middle class with Sherle Schwenninger, director of economic growth and American strategy programs at the New America Foundation. Schwenninger's recent report "The American Middle Class Under Stress" has some stunning facts that highlight the struggles the average American is having getting a decent-paying job and keeping up with rising cost of living.


http://finance.yahoo.com/blogs/daily-ticker/america-middle-class-crisis-sobering-facts-141947274.html


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How did they miss noting two wars for ten years+ bankrupting the Treasury --

Bailouts of corrupt capitalism -- trade agreemens and two new ones by Obama with

Korea and Colombia -- lack of universal health care crippling the nation --

destruction of unions?

Whaaaat? -- this is a report?

And, where the recommendations for correcting all of this?

the notion if you work hard and pull your self up by your own boot straps and stop whining you too can be rich......

I think you'll find the results interesting --and sickening.

It would be nice if a journalist actually decided to practice journalism once in a while, rather than stenography.

A division of a company with good paying union jobs, we tried to tell people this was just the start of a movement to destroy unions and along with them the entire American middle class. No one listened because we were just blue collar workers. Many people who were higher up the supposed ladder, white collar workers, college educated so-called "professionals", told us we were over paid.

Now I'm retired and barely scraping by but I am scraping by. And now everything we warned of has come to pass. And inexplicably people keep voting against their own interests as if they still believe it's never going to happen to them, only the "other guy", that lower class worker without the "professional" moniker.

I struggled like hell for the past twenty years after our company closed and threw us all out on the street. Now I'm retired. Why should I care about the people who told me and the rest of my union brothers to basically go to hell? I care because the future of our nation is at stake. But a combination of the same apathy and ignorance that doomed the unions is still prevalent. Only now all workers are facing the same doom we faced over twenty years ago.

How does it feel to be on the receiving end of the policies you supported against working people, America?