34 Pieces Of Evidence That Prove That The Middle Class In America Is Rapidly Shrinking

08-26-2011 • BlackListedNews.com

#1 In 1980, 52 percent of all jobs in the United States were middle income jobs. Today, only 42 percent of all jobs are middle income jobs. #2 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs. #3 Only 63.5 percent of all men in the United States had a job last month. According to Bloomberg, that figure is “just slightly above the December 2009 nadir of 63.3%. These are the lowest numbers since 1948.” #4 In 1969, 95 percent of all men between the ages of 25 and 54 had a job. Last month, only 81.2 percent of men in that age group had a job. #5 According to one recent survey, 64 percent of Americans would be forced to borrow money if they had an unexpected expense of $1000. #6 The wealthiest 1% of all Americans now control 40 percent of all the wealth in this country. #7 The poorest 50% of all Americans now control just 2.5% of all the wealth in this country. #8 The wealthiest 1% of all Americans now own over 50% of all the stocks and bonds. #9 According to the Washington Post, the average yearly income of the bottom 90 percent of all U.S. income earners is just $31,244. #10 The average yearly income of the top 0.1% of all U.S. income earners is 5.6 million dollars. #11 Between 1969 and 2009, the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.