It seem's like the middle class is gone. It appers the middle class is moving to "lower middle" and the rich have moved to "Really rich" what's going? and why is this gap growing so fast?
2007-09-02 01:17:56 · 10 answers · asked by bIGdADDY 1 in Politics & Government ➔ Politics
That's a bunch of horse manure. The middle class is alive and well, and doing better than ever. You are falling for the Democrat rhetoric that has no basis in fact. Don't believe me? Fine, will you believe the Census Bureau?
They track household income over the last 40 years. Look at the second table in the link below. It shows real income for each 20% of the population. ALL GROUPS, including the poor and middle class, have made real gains over time, like the last 10 years, 20, 30, etc.
The lowest 60% of income households made 6% in Real Gains over the last 10 years. Real gains is defined as a real gain in purchasing power after inflation has been factored in.
2007-09-05 05:07:16 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 1⤋
We have less poor then we used to have. The poverty level actually went down for the first time in years. My father was a poor bricklayer, he worked his vss off, to provide for his 5 kids and sent us to college. I make more money than my father ever dreamed of, and have sent my kids to college. That is the American dream, and my father used it to make my life better. I have no doubt if not for his hard work and strong back, I would not be where I am today. The middle class is moving into the direction of the rich, I give you Oprah Winfrey as an example, she was dirt poor from Mississippi and now one of the wealthiest people in the United States.
2007-09-02 01:35:07 · answer #2 · answered by libsticker 7 · 6⤊ 2⤋
Taxes and the cost of living are too high for a middle class to survive. 20 years ago, I was considered "upper" middle class. Approximately 12% of my income was paid to the government for taxes and social security. A house payment was approximately 25% of my NET monthly income. My food bill each week was approximately 25% of my NET income. I still had a sizeable amount of money left over after paying for my needs to cover my wants. Today I make 400% more income and the cost of my needs went up 600%. You do the math!
2007-09-02 01:33:48 · answer #3 · answered by peggy m 5 · 3⤊ 2⤋
Because Republican policies over the last 30 years are making rich people richer and the poor people and middle class people are paying more of things like education, energy, and health care while wages have not risen to keep pace.
If you are a rich person, the economy is booming. If you are poor it's a disaster and if you are middle class is is just OK.
2007-09-02 01:26:29 · answer #4 · answered by arvis3 4 · 2⤊ 5⤋
people are a supply up-hollow till 2030 whilst the markets would be India ecu and China. @scooter the Median salary interior america of a is $22,000 (0.5 earn above, 0.5 under) that is midsection-type on your trailer park, yet in any city of a million,000,000 or extra it extremely is poverty.
2016-10-03 12:35:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
We are being told by the media that the middle class is disappearing. I don't know how true this is.
Frankly, I still see crowds of people at the stores, so people are buying stuff.
2007-09-02 01:25:26 · answer #6 · answered by ? 7 · 2⤊ 2⤋
The Middle Class Squeeze: Wages remain stagant, while the cost of energy, education, and health care go up faster than inflation. To make things worse, the rich have successfully slanted the system to accre more and more of the rewards.
What's unforgiveable is middle class people voting for the party whose policy it is to make this all happen: the Republicans. They con people into voting for them by pretending the Democrats are a menace when it comes to security, by playing to their resentments of the lower class (it's how the GOP wages Class Warfare), and by holding out shiny religious baubles. Only fools fall for it., but suckers are born every minute.
2007-09-02 01:31:51 · answer #7 · answered by Anonymous · 2⤊ 5⤋
because the rich are getting richer, and the poor are getting poorer. The rich pretend this isn't happening by saying poor people are still buying things, but that is thanks to credit, which is to quote someone famous, the new "opiate of the masses"
2007-09-02 01:28:21 · answer #8 · answered by crushinator01 5 · 2⤊ 2⤋
HB1 VISAS, OUTSOURCING OF JOBS OVERSEAS, influx of illegal aliens taking jobs and depressing wages, a slew of anti citizen legislation passed in recent years...high gas prices, their children dying off in Iraq.......how is that for starters?
2007-09-02 01:36:01 · answer #9 · answered by bush l 1 · 2⤊ 3⤋
Tax cuts for wealthy individuals and corporations, corporate welfare in the form of government loans, guarantees and grants, the movement of good jobs overseas, the decline of labor unions, the loss of employer paid pensions and medical insurance, the promotion of illegal immigration which has pushed the wage scale down, conservative Republicans who believe that it is wrong to regulate businesses and markets.
2007-09-02 01:32:37 · answer #10 · answered by Anonymous · 4⤊ 6⤋