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Middle-class poorer, earned less in 2000s

lpast

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Ryan will fix this malais with the middle class...He will destroy medicare and give Romney a big TAX CUT...because the rich have gotten fabulously richer while pay half the taxs and they deserve more....and thats why im not a republican anymore folks...


For the first time since at least World War II, middle-class families finished the first decade of the 21st century poorer and with lower incomes than they had 10 years earlier.
And 85% of those surveyed say that in the 2000s, it was harder than before to maintain a middle-class lifestyle, according to a study out Wednesday by the Pew Research Center for Social and Demographic Trends.
Median household income dropped nearly $3,500 for a three-person household, to $69,487 a year, the Pew study said. The median household's net worth dropped 28% to $93,150. Incomes have dropped since 2000, while wealth rose modestly early in the decade before gains were wiped out by the recession that began in 2007 recession and the financial crisis sparked in 2008, said Paul Taylor, a Pew executive vice president.



"That the middle class always enjoys a rising standard of living is part of America's sense of itself, and it has always been true - until now," Taylor said in an interview, describing the 2000s as a "lost decade" for the middle class. "It's been 11 years since the peak in household incomes, and that covers the early part of the decade as well."
The middle class grew smaller, poorer and more pessimistic during the decade, Pew said after analyzing both its own polling data and a raft of government and private economic reports. The results show even a weakening of Americans' traditional faith that their children will be better off than their parents, Taylor said: 43% of respondents think their children will be richer than they are, down from 51% in 2008.


Study: Middle-class poorer, earned less in 2000s
 
Middle class is shrinking, wealth disparity is growing, wealth is aggregating into fewer and fewer hands. We are seeing the beginning of the rise of the Aristocracy. But they're all just lazy and not trying, the statistics certainly cannot point to a fundamental change in our system and the closing of economic mobility. No sir! Lazy and not trying, only explanation there could be.
 
Middle class is shrinking, wealth disparity is growing, wealth is aggregating into fewer and fewer hands. We are seeing the beginning of the rise of the Aristocracy. But they're all just lazy and not trying, the statistics certainly cannot point to a fundamental change in our system and the closing of economic mobility. No sir! Lazy and not trying, only explanation there could be.
if you make more than you spend and you can invest the extra what is going to happen?

do the people who whine about this alleged problem have any valid solutions other than wanting the government to seize more money from the successful?
 
if you make more than you spend and you can invest the extra what is going to happen?

do the people who whine about this alleged problem have any valid solutions other than wanting the government to seize more money from the successful?

Many spoken of efforts to help. First stop favoring business over working people. Second, take money out of politics so government is less connected to the wealthy. These two alone would be a good start.
 
Ryan will fix this malais with the middle class...He will destroy medicare and give Romney a big TAX CUT...because the rich have gotten fabulously richer while pay half the taxs and they deserve more....and thats why im not a republican anymore folks...


For the first time since at least World War II, middle-class families finished the first decade of the 21st century poorer and with lower incomes than they had 10 years earlier.
And 85% of those surveyed say that in the 2000s, it was harder than before to maintain a middle-class lifestyle, according to a study out Wednesday by the Pew Research Center for Social and Demographic Trends.
Median household income dropped nearly $3,500 for a three-person household, to $69,487 a year, the Pew study said. The median household's net worth dropped 28% to $93,150. Incomes have dropped since 2000, while wealth rose modestly early in the decade before gains were wiped out by the recession that began in 2007 recession and the financial crisis sparked in 2008, said Paul Taylor, a Pew executive vice president.



"That the middle class always enjoys a rising standard of living is part of America's sense of itself, and it has always been true - until now," Taylor said in an interview, describing the 2000s as a "lost decade" for the middle class. "It's been 11 years since the peak in household incomes, and that covers the early part of the decade as well."
The middle class grew smaller, poorer and more pessimistic during the decade, Pew said after analyzing both its own polling data and a raft of government and private economic reports. The results show even a weakening of Americans' traditional faith that their children will be better off than their parents, Taylor said: 43% of respondents think their children will be richer than they are, down from 51% in 2008.


Study: Middle-class poorer, earned less in 2000s



Trickle down economics worked in reverse of the way it was sold to the voters.
 
if you make more than you spend and you can invest the extra what is going to happen?

do the people who whine about this alleged problem have any valid solutions other than wanting the government to seize more money from the successful?


how about not allowing them to outsource our economy and country for a few bucks....
 
Many spoken of efforts to help. First stop favoring business over working people. Second, take money out of politics so government is less connected to the wealthy. These two alone would be a good start.

that is vacuous sounding nonsense. what exactly do you mean. what is favoring businesses over "working people" - a catch word for socialism? taking money out-what is that
 
how about not allowing them to outsource our economy and country for a few bucks....

so you are saying a company ought to pay 25 dollars per hour for labor and go out of business because the competition pays 5 an hour

more mindless mantras that sound good and are devoid of reality

its not my fault that someone can do unskilled labor for half the cost of unskilled US labor

you seem to think that all we have to do is pay Americans far higher than Indians or Chinese and all will be fine when in reality paying more for the same commodity is going to cause the company to fail
 
Ryan will fix this malais with the middle class...He will destroy medicare and give Romney a big TAX CUT...because the rich have gotten fabulously richer while pay half the taxs and they deserve more....and thats why im not a republican anymore folks...


For the first time since at least World War II, middle-class families finished the first decade of the 21st century poorer and with lower incomes than they had 10 years earlier.
And 85% of those surveyed say that in the 2000s, it was harder than before to maintain a middle-class lifestyle, according to a study out Wednesday by the Pew Research Center for Social and Demographic Trends.
Median household income dropped nearly $3,500 for a three-person household, to $69,487 a year, the Pew study said. The median household's net worth dropped 28% to $93,150. Incomes have dropped since 2000, while wealth rose modestly early in the decade before gains were wiped out by the recession that began in 2007 recession and the financial crisis sparked in 2008, said Paul Taylor, a Pew executive vice president.



"That the middle class always enjoys a rising standard of living is part of America's sense of itself, and it has always been true - until now," Taylor said in an interview, describing the 2000s as a "lost decade" for the middle class. "It's been 11 years since the peak in household incomes, and that covers the early part of the decade as well."
The middle class grew smaller, poorer and more pessimistic during the decade, Pew said after analyzing both its own polling data and a raft of government and private economic reports. The results show even a weakening of Americans' traditional faith that their children will be better off than their parents, Taylor said: 43% of respondents think their children will be richer than they are, down from 51% in 2008.


Study: Middle-class poorer, earned less in 2000s

Why I have a hard time with these stats is because I'm not sure what's taken into account. For instance, since we've been experiencing heavy immigration, legal and illegal, through our southern border, there should be more people in the lower income ranges, I think. (I don't know this...it's my common sense talking...and could be wrong.) Also, people don't necessarily stay in a class. Lower income moves up to middle income moves up to higher income, ad infinitum. I would think.

Also, I would point out that the top 10% of earners in this country pay 70% of the taxes. How much more do you want them to pay, by the way?

Top 10 Percent of Earners Paid 71 Percent of Federal Income Taxes

Edit: And the reason the middle class lost a median 28% of their net worth is, quite obviously, because of the housing crisis.
 
that is vacuous sounding nonsense. what exactly do you mean. what is favoring businesses over "working people" - a catch word for socialism? taking money out-what is that

I know you've seen many links over the alst couple of years. And socialism is more your side's worn out catch word tactic, even when your side often ahs no idea what the definition of word actually is.

You can find some information here:

American Rights at Work

AFL-CIO News: Surprise! Congressional Leaders' Tax Bill Favors Business

http://www.nytimes.com/2007/12/14/washington/14labor.html?pagewanted=print
 
I know you've seen many links over the alst couple of years. And socialism is more your side's worn out catch word tactic, even when your side often ahs no idea what the definition of word actually is.

You can find some information here:

American Rights at Work



AFL-CIO News: Surprise! Congressional Leaders' Tax Bill Favors Business

http://www.nytimes.com/2007/12/14/washington/14labor.html?pagewanted=print


weak minded babble that is contrary to economic reality

helping unions is contrary to economic reality

that reality being global labor markets
 
do the people who whine about this alleged problem have any valid solutions other than wanting the government to seize more money from the successful?

Return to free market capitalism.
 
The middle class is poorer because of inflation since since the US went to a fiat currency in 1971. Obama raising the deficit to near 16 trillion almost insured an economic collapse in the not so distant future.
 
so you are saying a company ought to pay 25 dollars per hour for labor and go out of business because the competition pays 5 an hour

more mindless mantras that sound good and are devoid of reality

its not my fault that someone can do unskilled labor for half the cost of unskilled US labor

you seem to think that all we have to do is pay Americans far higher than Indians or Chinese and all will be fine when in reality paying more for the same commodity is going to cause the company to fail

yeah nikes gonna go out of business charging 300.00 for sneakers that would cost 6 bucks to make here at 25 bucks an hour....using your ideals...most americans wont have a job to pay any taxs because your pig buddies dont want to pay anyone....ridiculous and its treason not capitolism.....they have take a capitolist society and extropulated it into a greedy destructive I dont give a chit for nothing but money force...that will implode
 
Μολὼν λαβέ;1060826721 said:
The middle class is poorer because of inflation since since the US went to a fiat currency in 1971. Obama raising the deficit to near 16 trillion almost insured an economic collapse in the not so distant future.


That is just nonsense
 
Ryan will fix this malais with the middle class...He will destroy medicare and give Romney a big TAX CUT...because the rich have gotten fabulously richer while pay half the taxs and they deserve more....and thats why im not a republican anymore folks...

You realize both sides can easily spin this to suggest the other side is at fault. Why? Because, the decline didn't occur till 2007.

Democrats will suggest that the actions of Republicans early in the decade came to roost at the end, resulting in a false bubble early on and the massive downturn later, which began while the Bush Administration was in office and continued due to legacy policies on from his time.

Republicans will suggest that there was growth and prosperity while they were in power and the downturn began a year after democrats took full controll of the senate and continued right on through their win of the white house at the later part of the decade, caused by uncertainty in the future regarding fiscal issues and legislation on the democrats part.

Both sides will do what politicians do....take the numbers and spin them in a way that makes their side look absolutely the best and having no hand what so ever in the negative part and making everything bad look like the fault of the other side. What will matter is which side has more compelling spin.
 
That is just nonsense

Actually that's the assessment of the Congressional Budget Office, the International Monetary Fund, and pretty much anyone else who has ever looked at our numbers.
 
Many spoken of efforts to help. First stop favoring business over working people. Second, take money out of politics so government is less connected to the wealthy. These two alone would be a good start.

How would that change anything? The people of this country give their money to big businesses. That is why the rich have most of the money. The government cannot fix that. People need to change that. Stop giving money to big businesses and instead give your money to small business owners (essentially the middle and lower classes of America). If you want to see what is causing the wealth disparity go sit outside walmart and count the people going in and out. Go inside and look at what they are buying. Then go look at a small business run by a local person downtown and do the same. There is your problem. Government cannot fix that.
 
For the first time since at least World War II, middle-class families finished the first decade of the 21st century poorer and with lower incomes than they had 10 years earlier.
What a coincidence... for the first time since at least World War II, the decade began during a major economic expansion and came to an end at the tail of a major recession.

"That the middle class always enjoys a rising standard of living is part of America's sense of itself, and it has always been true - until now," Taylor said in an interview
Always been true? It wasn't true in the early 80's, wasn't true in the early 90's, wasn't true in the in the early 00's... (I see a pattern here).
 
Ryan will fix this malais with the middle class...He will destroy medicare and give Romney a big TAX CUT...because the rich have gotten fabulously richer while pay half the taxs and they deserve more....and thats why im not a republican anymore folks...


For the first time since at least World War II, middle-class families finished the first decade of the 21st century poorer and with lower incomes than they had 10 years earlier.
And 85% of those surveyed say that in the 2000s, it was harder than before to maintain a middle-class lifestyle, according to a study out Wednesday by the Pew Research Center for Social and Demographic Trends.
Median household income dropped nearly $3,500 for a three-person household, to $69,487 a year, the Pew study said. The median household's net worth dropped 28% to $93,150. Incomes have dropped since 2000, while wealth rose modestly early in the decade before gains were wiped out by the recession that began in 2007 recession and the financial crisis sparked in 2008, said Paul Taylor, a Pew executive vice president.



"That the middle class always enjoys a rising standard of living is part of America's sense of itself, and it has always been true - until now," Taylor said in an interview, describing the 2000s as a "lost decade" for the middle class. "It's been 11 years since the peak in household incomes, and that covers the early part of the decade as well."
The middle class grew smaller, poorer and more pessimistic during the decade, Pew said after analyzing both its own polling data and a raft of government and private economic reports. The results show even a weakening of Americans' traditional faith that their children will be better off than their parents, Taylor said: 43% of respondents think their children will be richer than they are, down from 51% in 2008.


Study: Middle-class poorer, earned less in 2000s

Nah... that can't be right.

W. gave those tax cuts to the wealthy and the prosperity was supposed to 'trickle down'.

Free up the free market with deregulation and everybody wins, right?
 
Always been true? It wasn't true in the early 80'sReagan, wasn't true in the early 90'sBush I, wasn't true in the in the earlyBush II 00's... (I see a pattern here).

I see that Reagan raised taxes as a mid-80s course correction that helped a little. Then Clinton raised them again and reformed welfare, which really got us back on track. But then we elected W. twice.

We were smart to not raise taxes in 2008-2009 (lesson learned from Hoover 1928), but the stimulus, the wars, the programs need to be paid for and the debt needs to be paid down. It's time for us all to tighten our belts. If businesses have hired as many people as they currently can, then we need to raise taxes on those that have the most to lose by a total collapse, cut all unnecessary programs and waste, and start some major public works programs to further get the economy going again.

Re: Military Spending -- you realize that is essentially a major public works program. It is major stimulus spending and therefore good for the most part. As long as contractors deliver products on time and services as promised. To the extent we build more ships/planes than we really need--that is Keynesian, but the GOP never talks about that. Lobbyists won't let them. Dems seem to be the only party that wants to review what we spend on Military and see that we are getting the most bang for our buck (cut waste).
 
Actually that's the assessment of the Congressional Budget Office, the International Monetary Fund, and pretty much anyone else who has ever looked at our numbers.

Will if there were dead middleclass bodies piled 20 high all around you....you would somehow find a way to spin how wonderful the rich is and how those dead middleclass screwed them
 
Nah... that can't be right.

W. gave those tax cuts to the wealthy and the prosperity was supposed to 'trickle down'.

Free up the free market with deregulation and everybody wins, right?



Were into the centuries where it trickles up
 
How would that change anything? The people of this country give their money to big businesses. That is why the rich have most of the money. The government cannot fix that. People need to change that. Stop giving money to big businesses and instead give your money to small business owners (essentially the middle and lower classes of America). If you want to see what is causing the wealth disparity go sit outside walmart and count the people going in and out. Go inside and look at what they are buying. Then go look at a small business run by a local person downtown and do the same. There is your problem. Government cannot fix that.

That too is part of the problem, to be sure. But the relationship between government and business is also a huge problem.
 
weak minded babble that is contrary to economic reality

helping unions is contrary to economic reality

that reality being global labor markets

Well, we haven't helped unions on the whole, and look where we are. Perhaps you could step up and provide some evidence?
 
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