Stories Of Economic Despair From America’s Worst Economic Downturn Since The Great Depression Of The 1930s

The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession.  U.S. GDP declined by 32.9 percent on an annualized basis last quarter, more than 100,000 businesses have permanently shut down since the COVID-19 pandemic first hit the United States, and more than 54 million Americans have filed new claims for unemployment benefits over the last 19 weeks.  Up until just recently, a $600 weekly unemployment “supplement” and a federal moratorium that prevented many evictions had helped to ease the suffering for millions of American families, but both of those measures have now expired.  As a result, a tremendous amount of economic pain which had previously been deferred will now come rushing back with a vengeance.  Millions of American families are no longer going to be able to pay their bills, and experts are warning that we could soon see an “eviction crisis” that is absolutely unprecedented in American history. (Read More...)

63 Percent Of All U.S. Jobs Created Since 1990 Have Been Low Wage Jobs

If you have a good paying job, you should probably try to hold on to it as hard as you can, because those types of jobs are steadily becoming rarer.  Since 1990, the U.S. economy has produced millions of jobs, but as you will see below nearly two-thirds of them have been low wage jobs.  Of course this is one of the biggest factors causing the systematic erosion of the American middle class.  Today, half of all U.S. workers make less than $33,000 a year, but meanwhile the cost of living has been steadily increasing.  Housing costs, health insurance and other basic necessities have been rising much faster than our paychecks have, and this has put an enormous amount of financial stress on hard working American families. (Read More...)

For Countless Americans, Living In Their Vehicles Has Become “The New Normal”

Once again tonight, countless numbers of Americans will sleep in their vehicles, and this is a problem that is getting worse with each passing year.  According to the Department of Housing and Urban Development, the homeless population in the United States hit 552,830 in 2018, but many believe that the true number is actually a lot higher.  Because in order to accurately count the homeless you have got to find them first, and many homeless do not want to be found.  But even if the HUD figure is accurate, it is still a great national tragedy to have such a high number of homeless, and a large percentage of those homeless Americans are living in their vehicles. (Read More...)

62 Percent Of All U.S. Jobs Do Not Pay Enough To Support A Middle Class Life

We just got more evidence that the middle class in America is rapidly disappearing.  According to a shocking new study that was just released, 62 percent of all jobs in the United States do not pay enough to support a middle class life.  That means that “the American Dream” is truly out of reach for most of the country at this point.  Today, Americans are working harder than ever but the cost of living continues to rise much faster than our paychecks are increasing.  Earlier this month, I went and looked at the latest numbers from the Social Security Administration, and I discovered that 50 percent of all American workers make less than $30,533 a year.  But that is just above poverty level.  In fact, the federal poverty level for a family of five is currently $29,420.  Most families are just barely scraping by from month to month, and most U.S. workers are just one major setback away from falling out of the middle class. (Read More...)

5 Trends That Are Destroying The Middle Class In America

The middle class in America has been shrinking for decades, and our leaders seem powerless to do anything about it. Two years ago, the middle class became a minority in this country for the first time ever. In other words, the middle class now accounts for less than 50 percent of the population. But back in the early 1970s, the middle class made up more than 60 percent of the population. I have often compared being in the middle class to playing a really bizarre game of musical chairs. When the music stops playing each month, more chairs are being pulled out of the middle class, and most of us are just hoping that we will still have a chair for the next go around. (Read More...)

If You Admit That You Are A Trump Supporter, It May Cost You Your Job

Trump Supporters - Photo by TwinsofSedonaMany liberals that are still extremely bitter about the outcome of the election are taking out their frustrations on Trump supporters all over the country. And in some cases, employees are actually being “reassigned”, fired or asked to leave their jobs if they openly admit their support for President Trump. This kind of political discrimination is not supposed to be happening in our workplaces, but it is happening. Many leftists that are in positions of authority around the nation are using that authority to punish people that voted for Donald Trump. So if you voted for Trump and your boss didn’t, you might want to keep your political views to yourself at your workplace if you want to keep your job. (Read More...)

Suicide, Crime, Unemployment And Poverty All Soar As The Economic Crisis In Alberta Accelerates

Canadian Flag - Public DomainThe nightmare that is currently unfolding up in Canada will soon be coming to the United States. When the price of oil first started crashing, most Americans and most Canadians applauded. Most people thought that lower gas prices would be really good for the economy. Well, it turns out that the exact opposite is true. Just like in the United States, the energy industry has been the primary engine for the growth of good paying jobs in Canada since the last recession. Up in Alberta, there was such a need for oil patch workers that even someone that had just recently graduated from high school could find an oil patch job that paid six figures during the boom times. Now the “boom” is turning into a “bust”, and huge numbers of those good paying jobs are being lost. As a result, suicide, crime, unemployment and poverty are all skyrocketing, and the mainstream media is telling us that “the worst is yet to come“. (Read More...)

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