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August 22, 2014
30 Facts That Prove The American Middle-Class Is Being Destroyed
8. The price of food continues to rise much faster than the paychecks of most middle class families.For example, the average price of ground beef has just hit a brand new all-time record high of $3.884 a pound. 9. According to one recent study, 40 percent of all households in the United States are experiencing financial stress right now. 10. The overall homeownership rate has fallen to the lowest level since 1995. 11. The homeownership rate for Americans under the age of 35 is at an all-time low. 12. According to one recent survey, 52 percent of all Americans cannot even afford the house that they are living in right now. 13. The average age of vehicles on America’s roads has hit an all-time high of 11.4 years.-- Zero Hedge
Posted by gerardvanderleun at August 22, 2014 8:20 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Can't decide which latin american enclave this sounds like. I guess either Cuba (where I've never been) or Uruguay (where I've been a lot) and historically suffered from incredibly stupid government largesse.
Posted by: BillH ![[TypeKey Profile Page]](http://americandigest.org/sidelines/nav-commenters.gif)
at August 22, 2014 2:12 PM
Well, praise the lad, Obama and his guiding principle, 'The less you have, the less you have to worry about.'
As the old forecast goes, 'In the future, 10 or so years from now, there's good news and bad news. The good news: there will only be crabgrass to eat. The bad news: there won't be enough for everyone.'
Posted by: Stug Guts at August 22, 2014 2:51 PM
Another marker that indicates the Middle Class is being destroyed is their continuing belief that things can be fixed at the ballot box.
Posted by: chasmatic at August 24, 2014 10:17 PM