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Thu May 12, 2016, 07:35 PM

As Wealthy Surge, U.S. Poor and Middle Class Incomes Have Gone Backward

Source: CommonDreams by Staff Writer Nadia Prupis

Middle- and low-income households in the U.S. made less money in 2014 than they did in 1999 as the middle class lost ground in almost 90 percent of the country's metropolitan areas, a new analysis by the Pew Research Center released Wednesday has found.

The report looked at 229 of the 381 federally designated "metropolitan statistical areas" in the U.S., from Seattle to Boston, which accounted for 76 percent of the nationwide population in 2014. It found that poorer households saw their income drop from a median of $26,373 in 1999 to $23,811 in 2014, while middle-class incomes fell from $77,898 to $72,919 in that same time period. The erosion of the middle class came as household incomes decreased, "a reminder that the economy has yet to fully recover from the effects of the Great Recession of 2007-09," Pew said—but more than that, it is a reflection of rising income inequality.

The report continues: The current and future status of the American middle class continues to be a central issue in the 2016 presidential campaign. Moreover, new economic research suggests that a struggling middle class could be holding back the potential for future economic growth. The national trend is clear—the middle class is losing ground as a share of the population, and its share of aggregate U.S. household income is also declining.

With fewer families in the middle tier, the gap between rich and poor is widening, the report found, with the share of adults in lower-income tiers rising in 160 areas. The report follows a previous Pew analysis which found that for the first time in more than 40 years, the middle class is no longer the majority in America.

Read more: http://www.commondreams.org/news/2016/05/12/wealthy-surge-us-poor-and-middle-class-incomes-have-gone-backward

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Reply As Wealthy Surge, U.S. Poor and Middle Class Incomes Have Gone Backward (Original post)
kadaholo May 2016 OP
DebbieCDC May 2016 #1
StarzGuy May 2016 #18
J_J_ May 2016 #30
awoke_in_2003 May 2016 #33
Jackie Wilson Said May 2016 #2
dchill May 2016 #3
rocktivity May 2016 #4
Amimnoch May 2016 #5
Triana May 2016 #6
chknltl May 2016 #10
SammyWinstonJack May 2016 #11
lonestarnot May 2016 #16
NewImproved Deal May 2016 #27
alarimer May 2016 #31
Calista241 May 2016 #7
FLPanhandle May 2016 #8
Octafish May 2016 #23
tenderfoot May 2016 #25
elljay May 2016 #9
warrprayer May 2016 #12
jtuck004 May 2016 #13
C Moon May 2016 #14
lonestarnot May 2016 #15
Urchin May 2016 #17
whereisjustice May 2016 #20
whereisjustice May 2016 #19
Pakhet May 2016 #21
SmittynMo May 2016 #22
pampango May 2016 #24
Sunlei May 2016 #26
Baobab May 2016 #34
roaminronin May 2016 #28
JEB May 2016 #29
mhatrw May 2016 #32

Response to kadaholo (Original post)

Thu May 12, 2016, 07:37 PM

1. The second Gilded Age n/t

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Response to DebbieCDC (Reply #1)

Thu May 12, 2016, 10:12 PM

18. I essentially got dropped out of the middle class 6 years ago when I became disabled.

I was making about $55K with benefits as a teacher on the Indian reservation. Well within the middle class. Then I became disabled and unable to continue to work at any job. I had to spend all my savings, I lost my house and struggled for nearly 9 months with absolutely no income waiting for my SSDI to kick in as well as the same amount of time for my pension to kick in. I was stuck on the Indian reservation as I had no where to go neither did I have any money for gas to move anywhere. I had my travel trailer so as soon as SSDI and pension payments kicked in I moved into a trailer park. I continued to struggle there for about 4 years then decided to rent an apartment.

Now, I struggle each month with not enough money after bills to pay for food the rest of the month. I take in too much in SSDI and Pension to qualify for any government programs and any private help such as the St. Mary's Food Bank because both have income limits. Yes, that's right even the food bank has income limits.

I should simply not drop out of this economy and stop voting. Because, I can no longer afford the former and I get nothing out of the later. I've been a democrat all my adult life and yes I have voted in every election for democrats.

I just can't believe this country would vote for Donny Drumpf as any candidate. He is got to be the unqualified worse candidate EVER selected for ANY office at ANY time throughout human history.

Unfortunately, I live in Arizona, where MERICA! is as strong as it is anywhere else in the country. So, I don't know if my vote will help either Sanders or Clinton win, but in either case there will not be any help for me.

The US congress run by pukes will continue to everything in its power to deny me my benefits through cuts in social security, Medicare and other safety net programs. I might as well kill myself if Drumpf gets elected...

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Response to StarzGuy (Reply #18)

Fri May 13, 2016, 11:48 AM

30. " I might as well kill myself if Drumpf gets elected"

 


Probably just kidding, but just because the elite are evil doesn't mean the rest of us are.

Americans are good people. Duers are good people. Look how bad the economy is and people are still donating so much $$ to Bernie.

If you need help, please ask. People will be there for you. Try GoFundme or another similar website.

If you need to talk, Duers will listen and help.

Whatever you do, please don't give up.

(I know people often say this as a 'joke' but sometimes they are not joking, so I wrote this just in case)

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Response to StarzGuy (Reply #18)

Fri May 13, 2016, 05:12 PM

33. SSDI is almost criminal

 

with the way they keep denying before finally giving in. My wife had to wait two years. When they finally granted a hearing it took 15 minutes. It almost broke us. They want people to give up and return to work. Most cannot afford to keep fighting them.

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Response to kadaholo (Original post)

Thu May 12, 2016, 07:38 PM

2. And on top of this most of the schmucks who are making less want to elect someone who will make

it worse AND they dont want to demand single payer.

We are a DUUUUUUUUUUUUUUUUUUUUUUMMMMMMMMMMMMMMMB bunch.

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Response to kadaholo (Original post)

Thu May 12, 2016, 07:48 PM

3. As intended. But don't lose hope...

We're not bled dry yet!

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Response to kadaholo (Original post)

Thu May 12, 2016, 07:59 PM

4. Candidate for this year's "You Call This NEWS?" Award

...a reminder that the economy has yet to fully recover from the effects of the Great Recession of 2007-09...
The one that Bush created AND left Obama with? That just goes to show you how great it was!


rocktivity

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Response to kadaholo (Original post)

Thu May 12, 2016, 08:30 PM

5. 1999.. This country was so great when Clinton left office.

 

A travesty and criminal what Bush did with it in the ensuing years.

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Response to kadaholo (Original post)

Thu May 12, 2016, 08:39 PM

6. The White House will be occupied by a person with oligarchical levels of wealth and income...

 



... Once you understand that, the attacks about Bernie’s returns, tax rate and deductions look very much like swift-boat style attempts to attack his strength and distract attention from his opponent.

So what does oligarchic income look like?



Income inequality: Candidates for the Democratic party nomination

The Clintons income of $28 million for 2014 is 136 times Sanders’ income for the same period. And the Sanders are doing pretty well, they had income and Social Security benefits that totaled over 200k last year, putting them in the top 5% of Americans. However, the Clintons’ income of $28 million place them in a different league entirely. The numbers may seem abstract, so I’ve graphed them. Sanders’ income is less than 1% of what the Clintons made in 2014. Where did the $28 million come from?

2014 BILL HILLARY
SPEECHES $9,730,000 $10,492,000
CONSULTING $6,417,475
AUTHOR $36,442 $5,563,867


Tax returns and an oligarchic presidency:

http://www.dailykos.com/stories/2016/5/12/1525535/-Tax-returns-and-an-oligarchic-presidency

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Response to Triana (Reply #6)

Thu May 12, 2016, 08:58 PM

10. KnR and especially for this post. nt

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Response to chknltl (Reply #10)

Thu May 12, 2016, 09:31 PM

11. And another..especially for this post.

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Response to Triana (Reply #6)

Thu May 12, 2016, 09:58 PM

16. Smell that dough.

 

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Response to Triana (Reply #6)

Fri May 13, 2016, 10:46 AM

27. Thanks for that chart...

 

Why settle for either Oligarch?

[link:|

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Response to Triana (Reply #6)

Fri May 13, 2016, 11:50 AM

31. The Clintons did very well as ex-residents of the White House,

They spent their entire lives (nearly) living on the public dime.

Yet somehow they become multimilionaires afterwards. Book royalties and speeches must pay better than I thought.

I loathe these people with every fiber of my being.

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Response to kadaholo (Original post)

Thu May 12, 2016, 08:49 PM

7. Trump is going to harp on this ad nauseam until November

He's already started to by saying Americans haven't had a raise in 16 years. I fear this could convince a lot of people to vote for him. As James Carville quipped: "it's the economy stupid."

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Response to Calista241 (Reply #7)

Thu May 12, 2016, 08:53 PM

8. The Democrats need a solution to offer people


People want opportunities for themselves and their children. If the Democrats don't have proposals that resonate, then we don't deserve their votes.

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Response to FLPanhandle (Reply #8)

Fri May 13, 2016, 09:16 AM

23. Helping the banks hasn't proved an effective strategy.

That's been a winning strategy, going by who calls the shots in Wall Street-on-the-Potomac.

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Response to Calista241 (Reply #7)

Fri May 13, 2016, 09:44 AM

25. Trump thinks wages high are too and said so... spare me

Last edited Fri May 13, 2016, 10:01 PM - Edit history (1)

?t=1m16s

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Response to kadaholo (Original post)

Thu May 12, 2016, 08:58 PM

9. Where's my trickle?

Surely someone rich should have dribbled on me just a little bit by now. Isn't that how it is supposed to work?

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Response to kadaholo (Original post)

Thu May 12, 2016, 09:34 PM

12. Kick

And rec for reality check

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Response to kadaholo (Original post)

Thu May 12, 2016, 09:35 PM

13. Before the financial crisis there were only 26.3 million people on food stamps. We had a recovery.

 

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Response to kadaholo (Original post)

Thu May 12, 2016, 09:40 PM

14. Have some patience: it will trickle down

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Response to kadaholo (Original post)

Thu May 12, 2016, 09:56 PM

15. mmmhmmm, and don't forget it!

 

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Response to kadaholo (Original post)

Thu May 12, 2016, 09:59 PM

17. What about

 

all the high-paying jobs they said technology was going to create for us--you know, like computer repair person?

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Response to Urchin (Reply #17)

Fri May 13, 2016, 12:04 AM

20. Those fuckers, Clinton neo-cons, told every one to take out loans and get IT jobs and then sent

those jobs to India.

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Response to kadaholo (Original post)

Fri May 13, 2016, 12:02 AM

19. And TPP will fuck over the middle class like nothing we've seen yet. Way to go Democratic Party!

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Response to kadaholo (Original post)

Fri May 13, 2016, 01:35 AM

21. I'm assuming those numbers are gross rather than net? n/t

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Response to kadaholo (Original post)

Fri May 13, 2016, 07:34 AM

22. Wait!! So Bernie was right all this time?

Hmmmm. Imagine that!!!

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Response to kadaholo (Original post)

Fri May 13, 2016, 09:31 AM

24. Like Donald, I blame foreigners, rather than our own 1%, for our middle class' problems.

We have no problems that a little isolationism - walls, tariffs and travel bans - won't cure.

Sure it never worked for us in the past. Sure FDR has to 'fix' our last experiment with isolationism. Sure that's not how modern progressive countries support their middle class. But, hey, it sounds good. My republican base loves my "America First" isolationist rhetoric. And I am all about providing scapegoats rather than solutions. What's not to like?

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Response to kadaholo (Original post)

Fri May 13, 2016, 09:44 AM

26. Why can't Congress understand a $7.25 an hour Federal minimum wage isn't enough income?

It is Congresses job to raise our Federal minimum wage.

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Response to Sunlei (Reply #26)

Fri May 13, 2016, 06:36 PM

34. Humanity needs to figure out what its going to do in an increasingly workless future.

Where machines do almost everything better and cheaper than people do.

Its a bit like the legend of John Henry.

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Response to kadaholo (Original post)

Fri May 13, 2016, 11:06 AM

28. The change is what they are calling middle class

If you do not have health insurance and are not able to save money every month from your paycheck, then you are not middle class. You are poor.

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Response to kadaholo (Original post)

Fri May 13, 2016, 11:20 AM

29. One hand washing the other. Money and Power.

 

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Response to kadaholo (Original post)

Fri May 13, 2016, 01:33 PM

32. Latest Breaking News Since Reagan Became President nt

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