It's Official: Gov Stats Shows the Middle Class is Dead [View all]

[Donnachaidh]

http://www.opednews.com/articles/The-Middle-Class-Vanishes-by-Chaz-Valenza-120101-954.html



There was once a middle class in America, and if you were an average worker you were part of it, but not anymore.

Peruse last year's government figures for the average American family's spending and debt. The conclusion is dumbfounding: it's official, 2011 was the year the middle class died.

:snip:

The BLS's statistically computed family, with 2.5 humans and 1.3 workers, is a fictional construct. But, it is also the one true benchmark that pinpoints the dead center of the American worker's economic situation.

Beginning last year the average American family: could not afford the average single family house... depended on their employer for health care insurance or went without... were in debt with no way out... didn't pursuing further education... saved nothing... slashed their food budget to the bone... and paid at least 30% of their gross wages in taxes.

More at the link --