Saving Money? Not In This Economy – 22 Facts That Prove Middle Class Families Are Being Savagely Crushed
The 22 facts that you are about to read are all real, although admittedly they are hard to believe. The sad truth is that millions of middle class families in the United States today are being savagely crushed by this economy. Most American families would like to be saving money, paying the mortgage and living the American Dream, but with each passing month those things are becoming more difficult. Rapidly rising prices for basic necessities such as food and gas are absolutely crippling the finances of millions of middle class American families right now. How is a family even supposed to make a budget when the average price of gasoline goes up 42 cents a gallon in a single month? What are we all supposed to do when we walk into our supermarkets and find that the old “regular prices” have become the new “sale prices”? Should we all not be deeply concerned that the price of food in the United States went up at the fastest rate in 36 years last month? How are we all supposed to keep our families above the poverty line when the number of good paying jobs keeps shrinking? In America today, being a member of the middle class is like playing a game of musical chairs. You know that they are going to keep pulling chairs out of the game, and you just hope that it is not going to be your turn next.
Sadly, large numbers of Americans do keep falling out of the middle class. The number of Americans on food stamps just keeps increasing every single month. The number of Americans on Medicaid just keeps increasing every single month. The number of American children living in poverty just keeps increasing every single month.
If the U.S. economy is actually getting “better”, then why does the middle class keep on shrinking? Everywhere you turn there are families in deep economic pain. Unemployment is rampant and even those families that do have jobs are really struggling to make ends meet as prices rise rapidly.
Unfortunately, the global economy looks like it is going to get even worse. The recent crisis in Japan is going to have a ripple effect across the entire globe. The chaos in the Middle East is certainly not helping things either. It certainly appears that we could be on the verge of another major economic downturn.