Decline of the Middle Class

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The median middle class income has been on a steady decline over the last decade. This infographic shows the extinction of the middle class is on the horizon.


decline of the middle class in america

from Total Bankruptcy Original Infographic here

This infographic paints a grim picture for the middle class. 70,000 to 100,000 per year used to buy you a comfortable secure life but not anymore. Soon a million dollars wont mean much either!

US News says that ” Hard numbers paint a stark picture of the middle-class decline. According to an August 2012 Pew Research Center report, only half of American households are middle-income, down from 61 percent in the 1970s. In addition, median middle-class income decreased by 5 percent in the last decade, while total wealth dropped 28 percent. According to the Economic Policy Institute, households in the wealthiest 1 percent of the U.S. population now have 288 times the amount of wealth of the average middle-class American family.

The income decline has caused many people to accumulate high levels of debt. And as the cost of college increases, more people are saddled with tens of thousands of dollars in student loans after they graduate.
Only 23 percent of people were confident they had enough money to get them through retirement, according to the Pew report. It also found that fewer people believe hard work will get them ahead in life.”

This is a new age. A time when our parents viewpoints of wealth do not mach ours. We have seen through the latest recession the immense corporate downsizing and lower pay for skilled jobs. You can no longer expect to work at the same place for 20+ years and be rewarded with a decent retirement like the generations before us. It’s time to look out for number #1

Perhaps your jump from middle class to upper class can come through starting your own trading business. Trading allows you unlimited wealth possibilities and a secure future but only if done right. Take a free test drive of trader educational format and see if you have the goods to jump up a social class

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