If The American Dream Is To Own A Home, Then It Hasn’t Been In Worse Shape Since 1967

Home House For Sale Mortgage MortgagesThanks to the “Obama recovery”, the rate of homeownership in the United States has fallen to the lowest level in 48 years.  The percentage of Americans that own a home is widely considered to be a key indicator of the health of the middle class, and we have just learned that during the second quarter of 2015 that number dropped from 63.7 percent to 63.4 percent.  It is now the lowest that it has been since 1967.  Unlike a lot of other government economic statistics, this one is fairly difficult to manipulate.  Either someone owns a home or they do not.  And what the homeownership rate is telling us is that the percentage of Americans that can qualify for a mortgage has been falling dramatically.  Just take a look at the following chart.  This is not just a decline – this is a complete and utter collapse… (Read More...)

The Death Of The American Dream In 22 Numbers

Abandoned HomeWe are the generation that gets to witness the end of the American Dream.  The numbers that you are about to see tell a story.  They tell a story of a once mighty economy that is dying.  For decades, the rest of the planet has regarded the United States as “the land of opportunity” where almost anyone can be successful if they are willing to work hard.  And when I was growing up, it seemed like almost everyone was living the American Dream.  I lived on a “middle class” street and I went to a school where it seemed like almost everyone was middle class.  When I was in high school, it was very rare to ever hear of a parent that was unemployed, and virtually every family that I knew had a comfortable home and more than one nice vehicle.  But now that has all changed.  The “American Dream” has been transformed into a very twisted game of musical chairs.  With each passing year, more people are falling out of the middle class, and most of the rest of us are scrambling really hard to keep our own places.  Something has gone horribly wrong, and yet Americans are very deeply divided when it comes to finding answers to our problems.  We love to point fingers and argue with one another, and meanwhile things just continue to get even worse.  The following are 22 numbers that are very strong evidence of the death of the American Dream… (Read More...)

25 Stats That Prove That The American Dream Is Being Systematically Destroyed

The Middle Class Is Being Systematically Wiped Out Of Existence In AmericaThe 25 statistics that you are about to read are solid proof that the middle class in America is being systematically wiped out.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world.  It seemed like almost everyone owned a home, had a couple of nice vehicles and could provide a very comfortable lifestyle for their families.  Sadly, that has all changed.  In America today, prices are rising at a very brisk pace but incomes are not.  There aren’t nearly enough jobs for everyone anymore, and most of the jobs that are being “created” are jobs that pay very little.  The largest employer in America is Wal-Mart, and the second largest employer is actually a temp agency (Kelly Services).  In a desperate attempt to make ends meet, millions of American families endlessly pile up more debt, and millions of other American families find themselves forced to turn to the government for help.  At this point, more than 49 percent of all Americans receive benefits from the federal government each month.  The percentage of Americans that cannot financially take care of themselves is rising every single year, and our independence is being whittled away as we become increasingly dependent on the government.  Unfortunately, our politicians continue to stand aside and do nothing as our jobs are shipped overseas, inflation steals our purchasing power and the middle class continues to shrink.  The following are 25 stats that prove that the American Dream is being systematically destroyed… (Read More...)

22 Statistics That Prove That The American Dream Is Being Systematically Destroyed

The American Dream is being systematically destroyed right in front of our eyes and most Americans don’t even realize what is happening.  In the old days, if you were a hard worker and you played by the rules you could always find a good job.  That good job would enable you to buy a house, buy at least one car and support a family.  It would also enable you to take a couple of vacations each year and buy some nice things for your family.  After working for 30 or 40 years you would look forward to a comfortable retirement.  But these days fewer and fewer Americans are able to enjoy the American Dream.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a breathtaking pace.  Our economy is not producing nearly enough jobs for all of us anymore, and an increasing percentage of the jobs that are being produced pay 10 dollars an hour or less.  The cost of living continues to rise steadily every single year while wages do not.  Close to half of all American workers are living month to month, and many American families have gone deep into debt as they struggle to pay the bills.  Millions more Americans are falling into poverty each year and dependence on the government is at an all-time high.  Something is fundamentally wrong with our economy.  It is not working the way that it used to, and the middle class is being absolutely shredded.  Most American families are finding it harder and harder to make it through each passing year, and unless a miracle happens things are going to continue to get even harder. (Read More...)

Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now

There is nothing wrong with being optimistic, but there is something wrong with having blind faith that things are going to get better when all of the evidence is screaming at you that things are going to get worse.  According to a brand new USA TODAY/Gallup Poll, 71 percent of all Americans consider economic conditions  in the United States to be poor right now, but an astounding 58 percent of them believe that economic conditions in the United States will be good a year from now.  So what can account for this?  Are they insane?  Are they hopelessly optimistic?  Do they not want to believe the facts that are staring them right in the face?  Well, a lot of it probably has to do with the upcoming election.  Most Republicans are convinced that things will be “better” somehow if Romney wins in November.  Most Democrats are convinced that things will “continue to improve” if Obama wins in November.  But the truth is that the economy has been declining steadily in recent years no matter which party has been in power.  Today, the American Dream is out of reach for huge numbers of formerly middle class families.  Millions of jobs continue to leave the United States, poverty is absolutely exploding and our nation is absolutely drowning in debt.  Sadly, nothing is being done to reverse the long-term economic trends that are destroying us.  So, a year from now things are not going to be any better.  In fact, many analysts are absolutely convinced that things are going to be a whole lot worse by then. (Read More...)

Formerly Great Cities All Over America Are Turning Into Open, Festering Sores

Once upon a time, the people of the United States constructed beautiful, shiny cities from coast to coast that were the envy of the entire globe. We had the largest and most vibrant middle class that the world has ever seen and life was quite good in America.  But now all of our prosperity is coming crashing down and many of our formerly great cities are turning into open, festering sores.  Unfortunately, we are drowning in so much debt that we can barely even slow down the shocking decline of our cities.  Over the past decade, tens of thousands of manufacturing facilities and millions of good jobs have been shipped out of the United States.  As our economic infrastructure has been ripped out right in front of our eyes, an atmosphere of unemployment, poverty and despair has descended on many of our major cities like a soaking wet blanket.  Today, many of our cities that once were considered to be some of the greatest in the world have been transformed into rotting, post-apocalyptic hellholes.  When you visit many of these cities and look into the sunken eyes of the residents, you almost get the feeling that something has sucked all of the hope and all of the life right out of them.  For a while, large numbers of Americans still believed that the right politician would bring them “hope” and “change”, but now crushing despair is giving way to absolute desperation for millions of people.  Desperate people do desperate things, and as our major cities continue to decay they are going to become very dangerous places to be. (Read More...)

29 Amazing Stats Which Prove That The Rich Are Getting Richer And The Poor Are Getting Poorer

In the United States today, there is one group of people that is actually living the American Dream.  The ultra-wealthy have seen their incomes absolutely explode over the past three decades.  Meanwhile, the U.S. middle class has been steadily declining and the ranks of the poor have been swelling.  But this is what always happens when an economy becomes highly centralized.  Today, gigantic corporations and “too big to fail” banks totally dominate our economic system.  The whole game is rigged.  Our system is now designed to funnel wealth away from the bottom 90 percent of the population and into the pockets of the ultra-wealthy.  When you allow a handful of giant entities to run everything, it is going to inevitably create a situation where there are a small number of very big winners and a massive amount of losers.  In America today, the rich are getting richer and the poor are getting poorer.  Yes, there will always be poor people.  Yes, those that work really hard and produce something of great value for society should be greatly rewarded.  The way that our system should work is that it should empower individuals and small businesses to come up with new ideas, start companies, create jobs and produce massive amounts of new wealth.  But instead, the number of small businesses in America is rapidly declining.  The giant banks and the giant corporations that run everything are constantly running around stomping all of the “little guys” out of existence.  This has created an environment where the rich are constantly getting richer and the poor are constantly getting poorer. (Read More...)

Even The CEOs On Obama’s Job Creation Panel Are Shipping Jobs Out Of The United States

There are 27 members on Barack Obama’s job creation panel, and most of them are corporate executives.  The formal name of the panel is the President’s Council on Jobs and Competitiveness, which is kind of ironic considering the fact that many of the CEOs on the panel have been rapidly shipping jobs out of the United States.  So what hope is there that things are going to turn around if many of the folks that are supposed to be helping Barack Obama create U.S. jobs are actively destroying them instead?  And how is the American middle class ever supposed to recover if corporate executives keep taking their jobs away and sending them to the other side of the world where it is legal to pay slave labor wages?  These issues go to the very heart of America’s economic problems, and yet very few of our leaders are talking about them.  But they should be talking about these things, because the economy is the number one issue for most American voters right now. (Read More...)

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. (Read More...)