Shrinking Middle Class in the U.S... Is it true or just a Myth ???

Answer 1

Depends on how you look at it. Most economists say the middle class is expading, because while the countries wealth grows, the gap between the mere wealthy and super wealthy is growing exponentially. So what we would consider wealthy is really the upper tier of the middle class.

Combine that will the shrinking poverty level (down to 9.8 %) and those people are entering the lowing level of the middle class, you can see where the middle class is in fact growing.

Answer 2

The 400 wealthiest Americans recently named in "Forbes" magazine are worth as much as half the families in America (57 million families) or 1/3 of all the wealth resides in the hands of 400 people. The current regime has accelerated the flow of wealth from the Middle class to the rich in an effort to put as much wealth as they can into the fewest hands. Their ultimate goal is to achieve the conservative dream of shrinking government, not by cutting back, but by bankrupting it. They are making sure that the tax crunch that will result will fall on the heads of the under-classes, who will be paying this owed money too (guess who) the rich. What will be left of the government will be little more than the military and police functions (including prisons) which will enforce the will of those in real power (guess who again). We will have to change the name of the United States too Squatamala.

Answer 3

I am a conservative and I believe the middle class is disappearing. The corporations control most of the wealth in the United State and for that matter the world and they are redistributing wealth unevenly. That is, employees keep getting a smaller and smaller portion and executives keep getting a bigger portion. Corporations no longer care for country, state, community, employees, common stock holders, or customers. Corporations have all the rights of individuals and none of the responsibilities. Until something is done to control the distribution of wealth within corporations the middle class will continue to disappear. I believe this is the real issue that Democrats and Republicans should be working on together to correct.

Answer 4

Probably. I know young people who are putting themselves through college, going into the right job and even starting their own business very shortly thereafter, and making at least $100,000 a year. There are a whole lot more who routinely miss over 30 days of each high school year, don't study, and drop out of school. With luck, they''ll get jobs flipping burgers, sweeping floors, or picking up trash. They'll marry someone equally unqualified, have children, get divorced, and life goes on in the next generation, no better off. Find a successful kid from the ghetto (like Colin Powell) and you'll find a working father in the home.

Answer 5

sPlease learn to read statistics...

By percentage, the middle class is as strong as ever... by "numbers", those living in poverty are growing, this is for two basic reasons... simply put, our population is growing, thus, the number of people living in poverty is growing, yet, despite what the democrats want to say, the percentage is being reduced all the time. Additionally, the US has an incredibly high standard of living, and out poverty line is quite liberal.

Answer 6

Remember when Clinton raised taxes on the Middle Class?
That put a bunch of Middle Class down into the Lower Class bracket.

Answer 7

It's got to be true. My standard of living is going down, not up. I do not believe the economy is strong (despite Republican claims to the contrary), prices are going up, and wages are not. I might point out that the only way the Republicans would raise the minimum wage was to give a major tax break to the wealthy, the group that needs it the least.
I might also point out (as stated below), I'm one of these people who put themselves through college and got a degree. It didn't land me a $100,000 a year job, and I'm not flipping burgers at McDonald's either.

Answer 8

It's true, and anybody who tells you different is probably working for the Cato Institute or the Heritage Foundation or some other pack of hired liars.

Answer 9

True. Recent article from Mr. Trump clearly stated that the rich are getting richer, and more people are below the poverty line in the US. He was also on Larry King also the other night.

Answer 10

The facts point to it being true.