Results 1 to 2 of 2

Thread: Poor and Middle Class Income Falling under the Middle Class President

  1. #1

    Default Poor and Middle Class Income Falling under the Middle Class President

    But this can't be possible!!! He just told me the opposite the other day!! BTW Wouldn't you love to see the day when a debate moderator actually had the gall to ask of these idiots why savings interest rates below 2% is a good thing for the poor and middle class???

    http://news.investors.com/100212-627...l-sharply.aspx
    “Force the normies into taking sides. At the moment they are just like "meh, I am minding my own business" retreating culturally into their private bubbles and "safe-spaces" since they don't understand what is going on. When the actual "us vs them" starts, they will be forced to fight or they'll die.” - Anonymous Poster



  2. Remove this section of ads by registering.
  3. #2

    Default

    Is that "real" incomes (after adjusting for inflation) or before (nominal)?

    As a percent of national income, the Middle Class has been earning less for over 40 years.

    The inequality index (Gini Index) at the link has been growing since the late 1960's actually- not just under Obama. http://en.wikipedia.org/wiki/Gini_coefficient


    http://www.cnn.com/2012/09/04/opinio...ass/index.html
    In its recent report, "The Lost Decade of the Middle Class," the Pew Research Center found that in 1971, 62% of the country's income was earned by the middle class, which at that time represented 61% of the population.

    In 1991, the middle class took in 54% of the income and represented 56% of the country.

    In 2011, the middle class represented 51% of the population, but its earning was down to 45%.

    None of this would be a problem if the percentage of Americans who became rich was in line with the amount of money the rich were taking in. Unfortunately, that is not the case. In 1971, the rich represented 14% of the country and took in 29% of the income. In 2011, the rich represented 20% of the country but took in a whopping 46% of the money.
    "The only thing we have to fear is.... fear itself!" Franklin Delano Roosevelt.
    "Be afwaid. Be berry afwaid" Donald Trump.

    The optimists built this country and made it great- not the fearful. Fear can only destroy.

    I am Zippy and I approve of this post. But you don't have to.






Similar Threads

  1. Replies: 10
    Last Post: 12-12-2015, 09:17 AM
  2. How Black Middle-Class Kids Become Poor Adults
    By aGameOfThrones in forum Economy & Markets
    Replies: 18
    Last Post: 01-24-2015, 11:40 AM
  3. Replies: 0
    Last Post: 01-12-2015, 07:21 AM
  4. How income taxation built the middle class
    By angelatc in forum Economy & Markets
    Replies: 2
    Last Post: 10-02-2013, 06:41 PM
  5. Replies: 5
    Last Post: 04-12-2012, 07:46 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •