This Is The Weapon That Is Being Used To Destroy America’s Middle Class

 theeconomiccollapseblog.com

The middle class in the United States has been steadily shrinking, and the gap between the ultra-wealthy and the rest of us has grown to absurd proportions.  But it wasn’t always this way.  When I was growing up in the 1980s, it seemed like almost everyone was middle class.  Of course there were wealthy people and poor people in the 1980s too, but the vast majority of the population was comfortably somewhere in the middle.  Sadly, things have changed so much since that time.  Today, most of the people that I know are struggling.  According to a report that was just released, in all 50 states it now takes an income of more than $100,000 in order for a family of four to live “the American Dream”.

A new report from GOBankingRates used that framework to analyze how much money a family of two adults and two children would need in each state to own a home, a car and a pet. The report tallied estimated annual essential expenses for such a family and then doubled that figure.

Using that framework, GoBankingRates found that all 50 states require more than a $100,000 annual income, according to the report, with 38 states needing more than $140,000.

 Is your family bringing in more than $100,000 a year?

If not, “the American Dream” is not for you.

Sorry.

Our leaders purposely pursued policies that they knew would cause inflation, and when new money enters the system most of it tends to flow into the hands of those at the top of the economic food chain.

So the ultra-wealthy have been doing very well in this economic environment, but high inflation is absolutely eviscerating all the rest of us.

At this point, it takes the average U.S. household an extra $1,069 per month just to purchase the same goods and services that it did three years ago…

Inflation is once again gaining steam, forcing the average American to shell out a lot more money for everyday necessities.

The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation, according to calculations from Moody’s Analytics chief economist Mark Zandi shared with FOX Business.

Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago, before the inflation crisis began.

 What we are witnessing is the collapse of the middle class.

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