Despite all this talk about the “American dream” and “if you play by the rules you can make it in America,” the truth is, for decades now, the middle-class has been falling further and further behind.
According to the Huffington Post:
America is the richest country on Earth. We have the most millionaires, the most billionaires and our wealthiest citizens have garnered more of the planet’s riches than any other group in the world. We even have hedge fund managers who make in one hour as much as the average family makes in 21 years!
This opulence is supposed to trickle down to the rest of us, improving the lives of everyday Americans. At least that’s what free-market cheerleaders repeatedly promise us.
Unfortunately, it’s a lie, one of the biggest ever perpetrated on the American people.
Our middle class is falling further and further behind in comparison to the rest of the world. We keep hearing that America is number one. Well, when it comes to middle-class wealth, we’re number 27.
The Huffington Post also provides a list as to why this is the case. These include:
- The tax structure favors the rich
- Higher education puts our kids into debt
- Wall Street is out of Control
- The minimum wage is pathetic
- There isn’t universal healthcare
Read the full story here and why the middle-class keeps falling behind.
