America’s Middle Class Crisis: The Sobering Facts
— There are 8.5 million people receiving unemployment insurance and over 40 million receiving food stamps.
— At the current pace of job creation, the economy won’t return to full employment until 2018.
— Middle-income jobs are disappearing from the economy. The share of middle-income jobs in the United States has fallen from 52% in 1980 to 42% in 2010.
— Middle-income jobs have been replaced by low-income jobs, which now make up 41% of total employment.
— 17 million Americans with college degrees are doing jobs that require less than the skill levels associated with a bachelor’s degree.
— Over the past year, nominal wages grew only 1.7% while all consumer prices, including food and energy, increased by 2.7%.
— Wages and salaries have fallen from 60% of personal income in 1980 to 51% in 2010. Government transfers have risen from 11.7% of personal income in 1980 to 18.4% in 2010, a post-war high.
The Government now has billions and billions and billions of dollars in printed currency they cannot account for. Do you know what that will mean in the future when the World Fed Banking audits the USA? We are already bankrupt; it is just a matter of time before it becomes a known fact.
It is a bleak outlook to say the least. Everyone had better get stocked up on canned goods rations and plenty of water. If you have an underground shelter, you’ll need to fix the surface to where it’s not easily found. Harder times are ahead. (From Chosen: End Times Truths Revealed by Diana Akroyd Published November 3, 2006)