Tuesday, October 18, 2011

Where goeth the Middle Class?

The middle class seems down and out in America and there may be some explanations!
by Charlie Leck

According to AARP (America Association of Retired People) there has been only a three percent increase in full-time earnings for male workers in America over the last twenty years. Did you get that? Only a 3% increase in earnings over the last 20 years.

At the same time – that is, during that twenty year period – we’ve seen the following increase in costs:

A 73% increase in the average cost of one year of college!

A 182% increase in health insurance premiums!

A 292% increase in the median debt of middle-class families!

Is it possible? These statistics were put together by the National Alliance for Caregiving/AARP, Gallup, Harris Interactive, and the AARP Public Policy Institute.

Does this explain why folks, in dozens of American cites, are demonstrating against corruption on Wall Street, corporate power and the American banking system?

While banking and business corporations (including health care corporations) continue to grow their political and economic power, the people are losing theirs.

“Something is rotten in the state of Denmark!”


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