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The Middle Class Spending Crash Explained

DA60

DA60

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According to the BLS, since 2007, inflation is 12.4%. Yet Americans are making only 0.2% more since then and they are spending only 2.3% more.

Whatever the government/The Fed has been doing since '07...it ain't working...unless making the rich richer, making the poor more numerous (increase in food stamp usage by roughly 40% since beginning of '09) and killing off the middle class is the goal.


20141202_spend.jpg


http://online.wsj.com/articles/amer...1417476499?mod=WSJ_hp_LEFTWhatsNewsCollection

http://www.zerohedge.com/news/2014-12-02/middle-class-spending-crash-explained
 
Re: The American middle class is slowly dying

DA60 said:
According to the BLS, since 2007, inflation is 12.4%. Yet Americans are making only 0.2% more since then and they are spending only 2.3% more.

Whatever the government/The Fed has been doing since '07...it ain't working...unless making the rich richer, making the poor more numerous (increase in food stamp usage by roughly 40% since beginning of '09) and killing off the middle class is the goal.


20141202_spend.jpg


Basic Costs Squeeze Families - WSJ

The Middle Class Spending Crash Explained | Zero Hedge
Click to expand...

I don't have the stats like you, but I remember growing up in the 1950's to early 60's when the middle class was expanding big time and it seemed the sky was the limit. But that was a different era and we had a different type of economy, industrial/ manufacturing instead of service base. The world was also a much bigger place.
 
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