Sayonara Middle Class: 22 Stunning Pieces Of Evidence That Show The Middle Class In America Is Dying

By Michael Snyder, End of the American Dream.

Uncle Sam - Public DomainOnce upon a time, middle class households took home 62 percent of all income in America. Today, that number has dropped to just 43 percent. This is just one of the absolutely astounding statistics that you will read about in this article. Over the years, the middle class in America has been in steady decline. Our incomes have been going down, our net worth has been going down, the quality of our jobs has been going down, and yet the cost of living just keeps going up. As a result of all of these factors, more Americans are living in poverty today than ever before, and dependence on the government has exploded to unprecedented levels.

But of course it doesn’t take a genius to figure any of this out. In fact, politicians of all stripes are saying the exact same thing during this election season…

Bernie Sanders says it is in the midst of “a 40-year decline.” Jeb Bush says it is “shrinking.” Ted Cruz says it is “headed in the wrong direction.” And Hillary Clinton says the “basic bargain” that hard work could move families into the middle class “has eroded.”

Sadly, when we send these politicians to Washington D.C. they just continue on with business as usual. No matter who resides in the White House and no matter who controls Congress, the game remains the same and the middle class just continues to suffer. The following are 22 cold, hard pieces of evidence that show that the middle class in America is dying…

#1 This week we learned that for the first time ever recorded, middle class Americans make up a minority of the population. But back in 1971, 61 percent of all Americans lived in middle class households.

#2 According to the Pew Research Center, the median income of middle class households declined by 4 percent from 2000 to 2014.

#3 The Pew Research Center has also found that median wealth for middle class households dropped by an astounding 28 percent between 2001 and 2013.

#4 In 1970, the middle class took home approximately 62 percent of all income. Today, that number has plummeted to just 43 percent.

#5 There are still 900,000 fewer middle class jobs in America than there were when the last recession began, but our population has gotten significantly larger since that time.

#6 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

#7 For the poorest 20 percent of all Americans, median household wealth declined from negative 905 dollars in 2000 to negative 6,029 dollars in 2011.

#8 A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.

#9 At this point, the U.S. only ranks 19th in the world when it comes to median wealth per adult.

#10 Traditionally, entrepreneurship has been one of the engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.

#11 If you can believe it, the 20 wealthiest people in this country now have more money than the poorest 152 million Americans combined.

#12 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.

#13 If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.

#14 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.

#15 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.

#16 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.

#17 In 2007, about one out of every eight children in America was on food stamps. Today, that number is one out of every five.

#18 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.

#19 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

#20 The number of homeless children in the U.S. has increased by 60 percent over the past six years.

#21 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.

#22 The median net worth of families in the United States was $137, 955 in 2007. Today, it is just $82,756.

The wealth of U.S. families increased from 1983 to 2007, fell sharply since
That last number really stunned me.

According to Pew Research, the median net worth of U.S. families has fallen by more than $55,000 since 2007.

That sure doesn’t sound like an “economic recovery” to me.

I think that everyone can agree that we have a major problem on our hands.

So what is the solution?

Well, in order to have a healthy middle class, we need to have an economy that produces lots of middle class jobs and lots of thriving small businesses. But in America today, our small businesses are being strangled out of existence by mountains of red tape and excessive taxation, and millions of middle class jobs have been shipped out of the country to other nations where it is legal to pay slave labor wages.

Until we start doing things differently, we are going to continue to get the same results that we have been getting, and the middle class will just keep getting smaller and smaller and smaller.

The middle class is now a minority in this country. How much worse do things have to get before we say that enough is enough? Are we just going to stand on the sidelines and watch the middle class disappear entirely?

At one time, the United States had the most vibrant middle class the world had ever seen. We were the envy of the rest of the planet, and people all over the world wanted to come here and live out “the American Dream”.

Unfortunately, “the American Dream” is now dying, and most Americans don’t seem to care.

What in the world is it going to take for people to finally wake up and start taking action?


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  • JWebb

    Torches and pitchforks?

    • tom

      I see no reason to exclude either.

      • diogenes

        In Tudor England they hung commoners. Only gentlemen to rich to jail got beheaded, and King Henry impaled the top part, once off, on spikes on London Bridge. Imagine the Brooklyn and Manhattan Bridges so adorned in early twilight.

    • mulga mumblebrain

      Just what they want.

  • jadan

    “What in the world is it going to take for people to finally wake up and start taking action?”

    Before the people do anything to correct the situation, they must have an understanding of why the problem exists and a plan to fix it. This essay describes the problem, but it doesn’t say why it came into being, nor does it offer a plan of action to do something. Allow me to fill in the blanks.

    The middle class is the victim of a failed monetary system that was designed by the rich for the rich. This system is a privately owned corporation set up in 1913 and erroneously called the “Federal” Reserve.

    The interests of the rich are represented by “free trade” and “free market” ideology that destroy all barriers to the movement of capital and goods. These barriers, called tariffs once protected American industry and jobs. Bill Clinton put NAFTA in place and the “great sucking sound” ( Ross Perot ) of jobs going out of the country could be heard thereafter. Corporations doing global business, are all vehicles of the rich, btw. Unlimited capital is available to the rich at near 0% interest ( they own the bank!) so they buy all the politicians and control the political system. They also fix the elections, which has become very easy and almost undetectable with computerized voting. ( See: CODE RED, Jonathan Simon )

    That’s the why. The Plan was put forwards in the 113th Congress by Dennis Kucinich, in a piece of legislation called the NEED Act, HR 2990. The National

  • diogenes

    “Small businesses are being strangled out of existence” much less “by mountains of red tape and excessive taxation” than by finance, pyramided on their own shoulders and the shoulders of business they deal with in the form of rent, interest, insurance, business credit, utilities etc. To open a small coffeeshop today is a half-million dollar project because of this pyramid of “overhead” in which every investor’s profit comes before every businessman’s, worker’s and consumer’s. Jobs have been offshored on behalf of financial interests whom their boughten representatives have contrived to pay tax incentives for the public service. The Pew Trust sprouted and lives in the middle of this world. Its silence and diversionary remarks are disingenuous.

    Many of the statistics cited are similarly slippery, tending to understate or misconstrue as much as they reveal. The statistic claiming that the “median income of middleclass households has declined since 2000 just shows, to anyone who lived through the period with eyes open and a working brain that the numbers on which such an assertion is based are bogus by design because in real terms the “lifestyle” that the median income of a middleclass household can afford has plummeted over that period in a degree that is more accurately described as 40%, not “4%”.

  • mulga mumblebrain

    The American Dream was always a nightmare for the rest of the world that was invaded, sanctioned, subverted and exploited by the USA or its army of fascist stooges, to pay for it. It only lasted for thirty years, really, out of fear of communism, and once the USSR disintegrated and China went capitalist, the ruling oligarchs simply ended it. And it ain’t comin’ back-not under capitalism.

  • Michael Snyder, I like to ask you why did you take another language to say Good bye?
    Why don’t you just say good bye?
    I need an answer from you.
    I think this sounds not respectful, but rather mocking.

  • Chris

    Goverment workers are now the middle class small business owners are spending more in taxes then they make to support all these blotted tax increases from city’s to federal taxes and support all goverment pensions and cannot afford there own savings the people of this country need to stop paying taxes and force are goverment to stop what it’s done and is doing to all working class people in the private sector