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

[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.

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.
.

The fact is we've always had poor people and they aren't poor because the rich are rich. Our society is not designed to equalize outcomes but rather to provide as much equal opportunity as possible for all to pursue their happiness as they see fit.

 

[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!

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.

i hope they listened

 

[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.

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!

Because taxing corporations saves you money. They don’t just pass that cost down to the middle class consumer. They just eat it. As a matter of fact if we just charged every business 100% tax rates everything would be free.

 

[Preacher]

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

###

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

###

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

###

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

###

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

###

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

###

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?

And all of that is obviously not enough. Clearly as the article shows.

 

[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.

Straw man. No one denies anyone the opportunity to succeed or fail on merit. Those who work for wages are paid the value of their labor and if you don't believe you are, get another job.

 

[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.

Straw man. No one denies anyone the opportunity to succeed or fail on merit. Those who work for wages are paid the value of their labor and if you don't believe you are, get another job.

Ah greed. The rich get to decide what people are worth...how lovely of a system! You people wonder why so many people are going to Sanders.

 

[Missouri_Mike]

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.

Just thinking. What are you paying them to do and what does that add to the economy?

 

[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.

Straw man. No one denies anyone the opportunity to succeed or fail on merit. Those who work for wages are paid the value of their labor and if you don't believe you are, get another job.

Ah greed. The rich get to decide what people are worth...how lovely of a system! You people wonder why so many people are going to Sanders.

Small biz - not "the rich" - is by far the largest employer in the US and so far less than 1/3 of Democrats are voting for Sanders. I would have the Dems run him in November just so we can have a real face-off with socialism in this country.

 

[Markle]

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.

Please share with us specifically how much Jeff Bezos and Bill Gates, by having earned over a quarter of a TRILLION dollars between them, has taken out of your pocket?

 

[sparky]

Only miscreants and malcontents will deny this fact.

or folks w/1/2 a brain

~S~

 

[Markle]

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

Instead of whining about that all the time, show us how facts take a back seat on talk radio. You can't or you would have done that already. I get it!

 

[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.

i hope they listened

As you expected, a few did, most did not. One that did not, told me I was crazy and bought more, committed suicide.

 

[my2¢]

The middle class doesn't need a raise they need to get rid of their smart phones and all the other crap that's nickel and diming them to death.

 

[whitehall]

"Hillary Hoffower"? Who the hell is that? The statistics reflect a "family of four" on a years salary.. Where was the Manhattan Institute during the Hussein administration?

 

[Missouri_Mike]

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.

Just thinking. What are you paying them to do and what does that add to the economy?

Sayit, I don’t get your funny. What are these people doing and how much should they be paid? Tell me what wage they deserve.

 

[Deplorable Yankee]

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!

Drumphf fault
Family women have been entering the work force to make ends meet for decades now
Where ya been ? Gender studies ?

 

[westwall]

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.

Wrong. The top 1% control 90% of the wealth of this country. My grandfather was a member of the Communist USA Party. They produced a newspaper and in its 1932 edition they laid out how the top 2% controlled 76% of the nations wealth. Shortly after that, the Democrat party took control of both houses of Congress for 40 continuous years, and controlled the presidency for the vast majority of that time as well.

After that 40 year rule, the percentage had changed to the top 1% controlling 85% of the nations wealth. So.....who were the Democrats really working for....because to this old mans eyes it certainly doesn't look like they were working for the middle class.

 

[Hutch Starskey]

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!

Because taxing corporations saves you money. They don’t just pass that cost down to the middle class consumer. They just eat it. As a matter of fact if we just charged every business 100% tax rates everything would be free.

So what's it called when consumers pay for the tax cost that is never paid to the govt?

 

[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.

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!

Because taxing corporations saves you money. They don’t just pass that cost down to the middle class consumer. They just eat it. As a matter of fact if we just charged every business 100% tax rates everything would be free.

So what's it called when consumers pay for the tax cost that is never paid to the govt?

Communism.

 

[westwall]

Yes, the prior presidents were indeed not working to help the middle class. Under Trump however the middle class has seen their net wages go up more than the previous 5 presidents combined.

Where the hell did you hear that bullshit?

Was it Rush or Hannity?

Open your eyes clown boi......

"New data from the monthly Current Population Survey (CPS), indicate that median annual household income in July 2019 was $65,084, up $438 or 0.7 percent from June 2019 ($64,646). The median is now 5.4 percent higher than the median of $61,739 in January 2000, the beginning of this statistical series."

https://www.sentierresearch.com/rep...ort_July_2019_08_28_19.pdf?mod=article_inline