30 Reasons Why 2011 Is Going To Be Another Crappy Year For America’s Middle Class

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30 Reasons Why 2011 Is Going To Be Another Crappy Year For America’s Middle Class

7 Reasons the Middle Class Is in Serious Trouble The backbone of the American economy is struggling, and things may not get better anytime soon.

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Nearly one-third of struggling lower-middle-class families rely on income support from a government program. SNAP is by far the most prevalent transfer program for this group, with 21 percent of these families (approximately 2.4 million families) depending on SNAP for food assistance at some point during the year.

 · 457 thoughts on ” The Only Time the Conservative Politicians Ignore Warren Buffett ” John Scalzi says:. That’s why instead he’s trying to convince both wealthy and middle class that raising taxes is not going to kill the national economy, but hey, may actually help.. about $30 000 a year. Tax him at 20%. that leaves him $24 000.

The truth is that 2011 is going to be another crappy year for America’s middle class, and there is not a whole lot that you or I can do about it. Sadly, what we are facing as a nation is not just.

There has nevertheless been plenty of generalizations about the attitudes of Muslims toward homosexuality that has led some on the right to wonder why people are yelling. of Pew polls might help.

 · This is why Andrew Mellon and “Hoovernomics” were a failure in the great depression. This is why Austerity in Europe is failing today. This is why our economy has sputtered as well, and that the last quarter of 2011 shows a contraction of growth because of cutbacks by Government expenditures.

The recent decline of middle class incomes is because almost all of the economic growth since the latest recession has been gobbled up by the super-rich. Large leaps in wealth for the top 5% have.

So why does he insist that only the fading middle class can rescue America?. in another 30 years, the richest 1 percent will take home 37 percent of U.S. income.. Just as the middle-class is.

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This is one of the proximate reasons for the middle class decline. When fewer people are earning money, households become more fragile, and have (generally) smaller surplus incomes. All told, the real unemployment rate is upwards of 13% -a far cry from the ~5% the government claims.

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