19 Signs That Amer­i­can Fam­i­lies Are Being Eco­nom­i­cally Destroyed

The sys­tem­atic destruc­tion of the Amer­i­can way of life is hap­pen­ing all around us, and yet most peo­ple have no idea what is hap­pen­ing. Once upon a time in Amer­ica, if you were respon­si­ble and hard work­ing you could get a good pay­ing job that could sup­port a mid­dle class lifestyle for an entire fam­ily even if you only had a high school edu­ca­tion.

Things weren’t per­fect, but gen­er­ally almost every­one in the entire coun­try was able to take care of them­selves with­out gov­ern­ment assis­tance.

The peo­ple worked hard, we played hard, and our seem­ingly bound­less pros­per­ity was the envy of the entire planet. But over the past sev­eral decades things have com­pletely changed. The gov­ern­ment con­sumed far more wealth than it ever pro­duced, it shipped mil­lions of good pay­ing jobs over­seas, and piled up the biggest moun­tain of debt in the his­tory of the world, and the peo­ple kept elect­ing politi­cians that had absolutely no con­cern for the long-​term future of this nation what­so­ever. So now good jobs are in very short sup­ply, and the gov­ern­ment is drown­ing in an ocean of red ink, the mid­dle class is rapidly shrink­ing and depen­dence on the gov­ern­ment is at an all-​time high. Even as it stand at the precipice of the next great eco­nomic cri­sis, it con­tinue to make the same mis­takes. In the end, all of us are going to pay a very great price for decades of their incred­i­bly fool­ish deci­sions. Of course a tremen­dous amount of dam­age has already been done. The num­bers that I am about to share with you are staggering.

The fol­low­ing are 19 signs that Amer­i­can fam­i­lies are being eco­nom­i­cally destroyed…

#1 The poor­est 40 per­cent of all Amer­i­cans now spend more than 50 per­cent of their incomes just on food and housing.

#2 For those Amer­i­cans that don’t own a home, 50 per­cent of them spend more than a third of their incomes just on rent.

#3 The price of school lunches has risen to the 3 dol­lar mark at many pub­lic schools across the nation.

#4 McDonald’s “Dol­lar Menu & More” now includes items that cost as much as 5 dol­lars.

#5 The price of ground beef has dou­bled since 2009.

#6 In 1986, child care expenses for fam­i­lies with employed moth­ers used up 6.3 per­cent of all income. Today, that fig­ure is up to 7.2 per­cent.

#7 Incomes fell for the bot­tom 80 per­cent of all income earn­ers in the United States dur­ing the 12 months lead­ing up to June 2014.

#8 At this point, more than 50 per­cent of all Amer­i­can work­ers bring home less than $30,000 a year in wages.

#9 After adjust­ing for infla­tion, median house­hold income has fallen by nearly $5,000 since 2007.

#10 Accord­ing to the New York Times, the “typ­i­cal Amer­i­can house­hold” is now worth 36 per­cent less than it was worth a decade ago.

#11 47 per­cent of all Amer­i­cans do not put a sin­gle penny out of their pay­checks into savings.

#12 One sur­vey found that 62 per­cent of all Amer­i­cans are cur­rently liv­ing pay­check to paycheck.

#13 Accord­ing to the U.S. Depart­ment of Edu­ca­tion, 33 per­cent of all Amer­i­cans with stu­dent loans are cur­rently behind on their stu­dent loan debt repayments.

#14 Accord­ing to one recent report, 43 mil­lion Amer­i­cans cur­rently have unpaid med­ical debt on their credit reports.

#15 The rate of home­own­er­ship in the U.S. has been declin­ing for seven years in a row, and it is now the low­est that it has been in 20 years.

#16 For each of the past six years, more busi­nesses have closed in the United States than have opened. Prior to 2008, this had never hap­pened before in all of U.S. history.

#17 Accord­ing to the Cen­sus Bureau, 65 per­cent of all chil­dren in the United States are liv­ing in a home that receives some form of aid from the fed­eral government.

#18 If you have no debt at all, and you also have 10 dol­lars in your wal­let, that you are wealth­ier than 25 per­cent of all Americans.

#19 On top of every­thing else, the aver­age Amer­i­can must work from Jan­u­ary 1st to April 24th just to pay all fed­eral, state and local taxes.

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