See The Death of the American Dream in 22 Numbers by Michael Snyder. Can you dispute the points made? If not, do you have any ideas whatsoever for remedying this situation — or for protecting oneself and family?
For your convenience, most of Mr. Snyder's essay is below the fold:
...The following are 22 numbers that are very strong evidence of the death of the American Dream…Go HERE to read the entire essay and to access the embedded hot links. Worth your time and consideration.
#1 The Obama administration tells us that 8.69 million Americans are “officially unemployed” and that 92.90 million Americans are considered to be “not in the labor force”. That means that more than 101 million U.S. adults do not have a job right now.
#2 One recent survey discovered that 55 percent of Americans believe that the American Dream either never existed or that it no longer exists.
#3 Considering the fact that Obama is in the White House, it is somewhat surprising that 55 percent of all Republicans still believe in the American Dream, but only 33 percent of all Democrats do.
#4 After adjusting for inflation, median household income has fallen by nearly $5,000 since 2007.
#5 After adjusting for inflation, “the median wealth figure for middle-income families” fell from $78,000 in 1983 to $63,800 in 2013.
#6 At this point, 59 percent of Americans believe that “the American dream has become impossible for most people to achieve”.
#7 In 1967, 53 percent of Americans were considered to be “middle income”. But today, only 43 percent of Americans are.
#8 For each of the past six years, more businesses have closed in the United States than have opened. Prior to 2008, this had never happened before in all of U.S. history.
#9 According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.
#10 According to one recent report, 43 million Americans currently have unpaid medical debt on their credit reports.
#11 Traditionally, owning a home has been one of the key indicators that you belong to the middle class. Unfortunately, the rate of homeownership in the U.S. has now been falling for seven years in a row.
#12 According to a survey that was conducted last year, 52 percent of all Americans cannot even afford the house that they are living in right now.
#13 While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to 46 million.
#14 The number of Americans on food stamps has now exceeded the 46 million mark for 38 months in a row.
#15 Right now, more than one out of every five children in the United States is on food stamps.
#16 According to a Washington Post article published just recently, more than 50 percent of the children in U.S. public schools now come from low income homes. This is the first time that this has happened in at least 50 years.
#17 According to the Census Bureau, 65 percent of all children in the United States are living in a home that receives some form of aid from the federal government.
#18 In 2008, 53 percent of all Americans considered themselves to be “middle class”. But by 2014, only 44 percent of all Americans still considered themselves to be “middle class”.
#19 In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”. But in 2014, an astounding 49 percent of all Americans in that age range considered themselves to be “lower class”.
#20 It is hard to believe, but an astounding 53 percent of all American workers make less than $30,000 a year.
#21 According to one recent survey, 62 percent of all Americans are currently living paycheck to paycheck.
#22 According to CNN, the typical American family can only “replace 21 days of income with readily accessible funds”....