Jun 15 2011

The systematic financial pillaging of the middle class – Millionaires don’t feel rich unless they have $7.5 million while 45 million Americans live on food stamps. Another 50 percent cannot come up with $2,000 in the next 30 days.

For over 30 years the debilitating shrinkage of the middle class has been papered over with access and use of debt.  Debt in every form; mortgage debt, credit card debt, auto loans, and student loans.  Yet debt is not wealth.  Americans are facing a financially nightmare where 1 out of 3 has no savings.  This […]

Jun 8 2011

The destruction of the middle class will not be televised – 56 percent of American workers have less than $25,000 saved. Even worse 60 percent of retirees have less than $50,000 saved. 45 million on food stamps and the consequences of peak debt.

The disappearance of the middle class will not be televised.  Don’t expect your favorite talking head to relay this information to you.  At the core of our economy we have become a consumption nation.  This necessarily isn’t negative if we were to balance out the opposite side of the equation with adequate savings.  It would […]

May 26 2011

The brittle financial American middle class – 50 percent of Americans would be in financial trouble if $2,000 of expenses came up in 30 days. By 2020 the world’s richest households will control $202 trillion in wealth, 4 times current global GDP.

This economic recovery has excluded working and middle class Americans which begs the question, what really defines a financial recovery?  In past and distant recoveries the economic gains were widely distributed amongst all Americans.  Most realize that income gains will never be equal simply because in a market based economy those with certain desirable skills […]

May 4 2011

Financial raiders and the loss of the American middle class. 5 charts showing the slow erosion of the middle class in America. 12 states have underemployment rates above 17 percent, insiders selling out, Great Recession in perspective, and a race to the financial bottom.

The current economy is built on a flashy digital casino interface and most of the middle class in the United States is at risk of moving backwards in the coming years.  Millions have already fallen a few rungs lower on the economic ladder.  The stock market no longer benefits the buy and hold investor but […]

Apr 21 2011

Low wage capitalism – Newly added jobs are coming from lower paying sectors while productivity increases and profits filter to the top of the economic class. 3,500,000 high-wage jobs lost during recession and only 179,000 have been added so far.

One of the most troubling aspects of this “recovery” is how it is being achieved.  We keep hearing about the wonderful Wall Street recovery yet a large portion of this is being created by extracting productivity from workers and stifling wages.  Obviously if you scare the working and middle class and give them no job […]

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