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Who Controls The Wealth In The US? Western Countries Expand Balance Sheets At The Expense Of Their Younger Population.
Wednesday, October 3, 2012 17:19
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MyBudget360.com
If the debates reflected the true interest of what Americans have on their mind the entire debate would revolve around the slow erosion of the US middle class. Yet this is something that will only be a footnote and for any discussions that do come up the specifics will be lacking. The reality is we do have a middle class crisis in the US. Americans are being fleeced through inflation on daily goods and we have an incredible 46+ million Americans on food stamps, a record percentage of our population. Yet the stock market slowly inches up to a near record high. How is it then that most Americans because of this recession lost 30 to 40 percent of their wealth? Part of this has to do with how wealth in the US is structured. The reality is we are making it tougher for mobility to occur thanks to the massive higher education bubble.
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