The Troubling Disappearance of the Middle Class in America
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Michael Snyder wrote an interesting post at Washingtons Blog focused on the disappearance of the middle class. The post, based on numbers released by the Social Security Administration and other sources, paints a troubling picture for what used to be the pride of America.

"51 percent of all workers in the United States make less than $30,000 a year. Let that number sink in for a moment. You can’t support a middle class family in America today on just $2,500 a month – especially after taxes are taken out. And yet more than half of all workers in this country make less than that each month. In order to have a thriving middle class, you have got to have an economy that produces lots of middle class jobs, and that simply is not happening in America today."

He notes that the federal poverty level for a family of five is $28,410 and yet 38% of American workers made less than $20,000 in 2014, 62% made less than $40,000 and 71% made less than $50,000.

Living at a middle class level requires income of $50,000. But four of ten adults made less than half of that. 51% made only slightly more than half of that. And this only accounts for Americans able to find work. At the time of the post, Snyder noted that 102.6 Americans did not have jobs.

Americans are no less willing to work than previous generations. Unfortunately, there are fewer jobs paying decent wages available to them. Meanwhile, salaries for upper management and corporate profits soar.