The Hollowing-Out Middle Class…and How to Avoid Being a Victim of It
The middle class is hollowing out.
Real median household income is lower today than in 1999. Today, in our supposed recovery, more than 44 million Americans are on food stamps.
Another measure of how bad the job situation really is is the Labor Participation Rate—the percentage of Americans 18-64 who are working—62.7%, is the lowest since 1978.
The government trumpets and the media parrots the so-called “unemployment rate” of 4.6%.That statistic doesn’t include the short- and long-term discouraged workers, which when added equals, according to ShadowStats.com, 22%.
Alas, the decline in the number of good jobs, those paying a stable, middle-class income plus benefits is worsening.
I document that in my PsychologyToday.com article today and propose ways to maximize your chances of thriving despite it.
Source: http://martynemko.blogspot.com/2016/12/the-hollowing-out-middle-classand-how.html
