#11 Between 1969 and 2009, the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

34 Pieces Of Evidence That Prove That The Middle Class In America Is Rapidly Shrinking

Sadly, the truth is that the U.S. economy is dying. The endless prosperity that we all enjoyed in the past is gone and it is never going to come back.

The following are 34 pieces of evidence that prove that the middle class in America is rapidly shrinking....

#1 In 1980, 52 percent of all jobs in the United States were middle income jobs. Today, only 42 percent of all jobs are middle income jobs.

#2 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

#3 Only 63.5 percent of all men in the United States had a job last month. According to Bloomberg, that figure is "just slightly above the December 2009 nadir of 63.3%. These are the lowest numbers since 1948."

#4 In 1969, 95 percent of all men between the ages of 25 and 54 had a job. Last month, only 81.2 percent of men in that age group had a job.

#5 According to one recent survey, 64 percent of Americans would be forced to borrow money if they had an unexpected expense of $1000.

#6 The wealthiest 1% of all Americans now control 40 percent of all the wealth in this country.

#7 The poorest 50% of all Americans now control just 2.5% of all the wealth in this country.

#8 The wealthiest 1% of all Americans now own over 50% of all the stocks and bonds.

#9 According to the Washington Post, the average yearly income of the bottom 90 percent of all U.S. income earners is just $31,244.

#10 The average yearly income of the top 0.1% of all U.S. income earners is 5.6 million dollars.

#11 Between 1969 and 2009, the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

#12 Only the top 5 percent of all U.S. households have earned enough additional income to match the rise in housing costs since 1975.

#13 During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.

#14 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.

#15 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#16 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.

#17 Since the year 2000, we have lost approximately 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#18 The competition for even the most basic jobs has become absolutely brutal. Approximately 7 percent of all those that apply to get into Harvard are accepted. At a recent "National Hiring Day" held by McDonald's only about 6.2 percent of the one million Americans that applied for a job were hired.

#19 It now takes the average unemployed worker in America about 40 weeks to find a new job.

#20 According to a report released in February from the National Employment Law Project, higher wage industries are accounting for 40 percent of the job losses in America but only 14 percent of the job growth. Lower wage industries are accounting for just 23 percent of the job losses but 49 percent of the job growth.

#21 Half of all American workers now earn $505 or less per week.

#22 The cost of college tuition in the United States has gone up by over 900 percent since 1978.

#23 In the United States today, there are more than 100,000 janitors and more than 317,000 waiters and waitresses that have college degrees.

#24 17 million college graduates are doing jobs that do not even require a college degree.

#25 According to one recent survey, 36 percent of Americans say that they don't contribute anything at all to retirement savings.

#26 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.

#27 As 2007 began, there were 26 million Americans on food stamps. Today, there are more than 45 million Americans on food stamps, which is a new all-time record.

#28 The number of Americans on food stamps has increased 74% since 2007.

#29 Today, one out of every four American children is on food stamps.

#30 In 1980, just 11.7% of all personal income came from government transfer payments. Today, 18.4% of all personal income comes from government transfer payments.

#31 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

#32 One out of every six elderly Americans now lives below the federal poverty line.

#33 In the United States, over 20 percent of all children are now living in poverty. In the UK and in France that figure is well under 10 percent.

#34 According to the Federal Reserve, the richest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

As the middle class continues to shrivel up and die, the number of desperate people is going to continue to grow.

Link:
http://theeconomiccollapseblog.com/archives/34-pieces-of-evidence-that-prove-that-the-middle-class-in-america-is-rapidly-shrinking