Oct 5 2010

What does it take to be middle class in America today? Living on $50,000 per year in America.

Is it possible to live a middle class lifestyle in America with a household income of $50,000?  The recent Census survey puts the median household income at $50,000 for American households.  So technically speaking, this is the middle class.  Yet what we think of a middle class lifestyle including affordable public colleges, accessible healthcare, and […]

Oct 3 2010

The status of the working and middle class American worker for fall 2010 – 42 percent of unemployed persons had been jobless for 27 weeks or more. Young workers have the highest unemployment rate on record at 19.1 percent.

There can be no sustained recovery without putting Americans back to work.  We live in an odd time where GDP can be going up while middle class America is slowly dismantled.  Let us be clear that the employment situation hasn’t improved.  The recent job gains are largely part of the Census hiring that is now […]

Sep 29 2010

Plundering the middle class – 35 percent of American households live on $35,000 or less each year. Bailouts a success for the wealthiest 5 percent of Americans.

The middle class is being slowly dismantled piece by piece.  New Census data released this week highlights a continuing trend that is pushing more average Americans into a perpetual struggle to stay financially afloat.  New data shows that the median household income is $50,221 in 2009 which is down from $52,029 in 2008.  This drop […]

Sep 17 2010

Falling off the American Dream treadmill – Real median U.S. household income falls under $50,000. Poverty rate has grown exponentially since 2000, during the housing bubble.

The U.S. Census Bureau recently released troubling data on the status of American families.  The first disturbing point was that 43.6 million Americans now fall under the poverty category.  This works out to 1 out of 7 Americans.  The growth has come from many people falling off the middle class treadmill.  While the echoes of […]

Aug 28 2010

The Struggling Class – The emergence of consistent poverty. How the other half live financially. 40 million Americans on food assistance and large unbanked population. Family Dollar up over 80 percent through the recession.

It is disturbing to see many articles published in foreign newspapers and magazines highlighting the plight of the middle class in America.  You would think that our own media would want to cover this issue which should be at the top of the list for everyone.  Instead, our mainstream media systematically attempts to keep everyone […]

Page 15 of 19« First...10...1314151617...Last »

My Budget 360

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.

 


Subscribe in a reader

 

Popular – All Time


  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
  • 3. Is college worth the money and debt? The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x. Diluting education with for-profits. and saddling millions with debt.
  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
  • 5. Family Budget: How to go Broke on $100,000 a year. Why the Middle Class has a hard time Living in Expensive Urban Areas.
  • 6. Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street.
  • 7. You Cannot Afford a $350,000 Home with a $75,000 Household Income!
  • 8. Crisis of generations – younger Americans moving back home in large numbers. Student loan default rates surging largely due to for-profit college expansion.
  • 9. The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
  • 10. Welcome to the new model of retirement. No retirement. In 1983 over 60 percent of American workers had some kind of defined-benefit plan. Today less than 20 percent have access to a plan and the majority of retired Americans largely rely on Social Security as their de facto retirement plan.
  • Categories