One chart shows the dire state of America's middle class

[depotoo]

View attachment 310125

Ah yes that's right let's PROVE you don't give a shit about the middle class. Ah Trump Cultists are just as bad as Obama Cultists. Their god can do NO WRONG in their eyes.

U.S. Economic Confidence at Highest Point Since 2000

 

[Harpy Eagle]

View attachment 310125

Ah yes that's right let's PROVE you don't give a shit about the middle class. Ah Trump Cultists are just as bad as Obama Cultists. Their god can do NO WRONG in their eyes.

U.S. Economic Confidence at Highest Point Since 2000

4 months after it was this high the last time we had a recession start!

 

[Missouri_Mike]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

You know what will probably fix that is higher taxes and more mandates on not only you but your employer. Statistically speaking the best way to afford better stuff is obviously the government taking more of your money. Because as we all know a dollar spent on government programs is a sure fire way you get two dollars back.

 

[Preacher]

The typical US worker can no longer afford a family on a year's salary, showing the dire state of America's middle class

But MuH GrEaTeSt EcOnOmY EvEr!

You know what will probably fix that is higher taxes and more mandates on not only you but your employer. Statistically speaking the best way to afford better stuff is obviously the government taking more of your money. Because as we all know a dollar spent on government programs is a sure fire way you get two dollars back.

Ah yes back to the good ole fallback of tax breaks for the rich and not a damn thing for the working class. Its working SO WELL!

 

[Preacher]

Take note everyone what the CONservatives here think of the middle class getting shafted. Its ALL about themselves and fuck everyone else. Demoncrats its ALL about the nonwhites and mentally ill and fuck them working class white folks. We desperately need a 3rd party.

 

[SAYIT]

The good news is that the top 10% hold 70% of the wealth in America, and I'm sure they'll be trickling on you any time now.

 

[Preacher]

The good news is that the top 10% hold 70% of the wealth in America, and I'm sure they'll be trickling on you any time now.

 

[Preacher]

 

[Preacher]

 

[Preacher]

 

[Preacher]

 

[Preacher]

 

[Preacher]

 

[Sunni Man]

My suggestion would be for you to get a job.

Then you'll start seeing some of that trickle down money. ...

 

[Preacher]

My suggestion would be for you to get a job.

Then you'll start seeing some money. ...

I am not talking about me MAYBE you should read the article. Seeing how its about those who ARE working and still can't make ends meet.

 

[Markle]

The demise of the middle class over the last 30-40 years is pretty well-documented.

No one can be surprised at this, and those who mock it don't have the balls to look in the mirror.

Gee, show us where the demise of the middle class is "well documented".

Are you pleased and excited that President Donald Trump has turned that around?

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

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Younger and Minority Workers Lead Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.

Younger and Minority Workers Lead Wage Gains as Expansion Ages

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ECONOMY
Record-low black unemployment cheered by black activists
Published 1 month ago on September 9, 2019

[...]

“Love him or hate him, this is an incredible economic accomplishment for the President and a tremendous benefit for American blacks,” said Project 21 member Derryck Green.

Along with a reported third straight month of 3.7 percent overall unemployment, the federal Bureau of Labor Statistics (BLS) August jobs report noted that the overall black unemployment rate fell half-a-percent to 5.5 percent. This is the lowest black unemployment rate ever recorded. BLS began reporting employment statistics by race in 1972. And with overall white unemployment at 3.4 percent, it is also the smallest reported gap between the races ever in terms of joblessness. Until recently, the racial employment disparity between blacks and whites has generally held to a 2-1 margin.

Record-low black unemployment cheered by black activists

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The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.

The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

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US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

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HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.

President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

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More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

More?

 

[Mac1958]

The good news is that the top 10% hold 70% of the wealth in America, and I'm sure they'll be trickling on you any time now.

The good news is that the top 10% hold 70% of the wealth in America, and I'm sure they'll be trickling on you any time now.

I do know how facts take a back seat to talk radio talking points for you guys.
.

 

[Markle]

The middle class is not supposed to get ahead.

Do you believe that an individual remains in one income bracket all their life?

 

[Markle]

Do you have a chart showing how Welfare Moms are doing with an average of 2 kids and no husband?

What is your point?

 

[Markle]

View attachment 310125

Ah yes that's right let's PROVE you don't give a shit about the middle class. Ah Trump Cultists are just as bad as Obama Cultists. Their god can do NO WRONG in their eyes.

U.S. Economic Confidence at Highest Point Since 2000

4 months after it was this high the last time we had a recession start!

I'm a 45 year veteran of the real estate industry, a Realtor. Six months prior to that I had been advising all my clients to sell anything they had, rent, sit back and wait for the bottom.