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August 1, 2013
44 Facts About The Death Of The Middle Class
The middle class in America is being absolutely shredded and the ranks of the poor are steadily growing. The following are 44 facts about the death of the middle class that every American should know...
1. According to one recent survey, "four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives". 2. The growth rate of real disposable personal income is the lowest that it has been in decades. 3. Median household income (adjusted for inflation) has fallen by 7.8 percent since the year 2000. 4. According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before. 5. The home ownership rate in the United States is the lowest that it has been in 18 years. 6. It is more expensive to rent a home in America than ever before. In fact, median asking rent for vacant rental units just hit a brand new all-time record high. | Zero Hedge
Posted by gerardvanderleun at August 1, 2013 8:36 AM. This is an entry on the sideblog of American Digest: Check it out.