A victory for President Trump on November 3 hinges on his ability to turn out tens of millions of non-college-educated white voters, a leading Republican pollster says. Public Opinion Strategies’ Micah Roberts said that if Trump wants to win the election against Democrat presidential candidate Joe Biden and Sen. Kamala Harris (D-CA), he will need to rev up support from
Home Depot co-founder Ken Langone said Wednesday that Democrat presidential nominee Joe Biden’s tax plan would put the middle class “in peril.” Langone appeared on the Fox Business show Mornings with Maria on Wednesday, saying that middle class families will feel the pinch of Biden’s tax plan even though Biden had claimed the wealthy would pay more in taxes and that
This article was originally published by Michael Snyder at The Economic Collapse Blog. If you are making less than $3,000 a month, you have plenty of company, because about half of the country is in the exact same boat. The Social Security Administration just released new wage statistics for 2019, and they are pretty startling. To me, the most alarming thing in the entire report is the fact that the median yearly wage was just $34,248.45 last year. In other words, half of all American workers made less than $34,248.45 in 2019, and half of all American workers made more than $34,248.45. That isn’t a whole lot of money. In fact, when you divide $34,248.45 by 12 you get just $2,854.05. Needless to say, it is not easy to survive in America today on just $2,854.05 a month, and this may help to explain why we have been seeing so many people fall out of the middle class in recent years. And of course, all of the figures that I am sharing with you in this article are just for 2019. This year, we have seen more than 63 million Americans file new claims for unemployment benefits as the U.S. economy has imploded during this pandemic, and so the final wage numbers for 2020 could be quite a bit worse than the numbers for 2019 were. Please keep that in mind as you go through the rest of this article. Once upon a time in America, a single income could easily support a middle-class household in most cases, but those days are long gone. The cost of living has been rising far faster than our paychecks have, and as a result, many Americans have been working themselves to the bone just to survive financially from month to month. To give you an idea of just how bad things have gotten, I would like to share with you some key numbers from the report that the Social Security Administration just released… -32.26 percent of American workers made less than $20,000 last year. -44.79 percent of American workers made less than $30,000 last year. -56.46 percent of American workers made less than $40,000 last year. -65.91 percent of American workers made less than $50,000 last year. Today, the poverty level for a household of five in the United States is $30,680. That means that close to half of all workers in this country do not even make enough to get a family of five above the poverty level. Wow. There are tens of millions of Americans that are referred to as “the working poor” because they are living in poverty even though they are employed and are working extremely hard. Many of you that are reading this article know exactly what I am talking about. Some of you are working way more than 40 hours a week, and yet there never seems to be enough money at the end of the month. Sadly, the truth is that our system has evolved in a manner that makes it almost impossible for most Americans to ever build up much wealth. If you are making the median monthly wage of just $2,854.05, there simply is not going to be much leftover after all of the bills are paid. First of all, you are going to need someplace to live. In the middle of the country, you may be able to find something habitable for under $1,000 a month but in most of our major metropolitan areas that simply is not going to be realistic. Secondly, you are going to need to pay your utility bills. If you can keep the combined cost of your power, water, phone, television, and Internet bills to about $250 a month, you are doing quite well. Thirdly, you will need a vehicle in order to get around, and these days it is hard to buy or lease a vehicle for less than $300 a month. In addition, you will also need insurance, and that will set you back even more. Fourthly, you will need health insurance. If you are young and single, maybe you can find a plan for just a few hundred dollars a month, but most Americans pay far more. Fifthly, you will probably want to eat, and that will cost you several hundred dollars a month as well. At this point, almost all of your money is already gone, and there are so many expenses that I haven’t even mentioned yet. And of course you never even started with $2,854.05 in the first place, because all sorts of taxes were taken out of your paycheck before you even got it. Are you starting to understand why so many families in America are deeply, deeply struggling today? We have an economy that works for those at the very top of the food chain, but pretty much everyone else is desperately trying to stay afloat. And now we have entered an economic downturn during which tens of millions of Americans have lost their jobs. According to John Williams of shadowstats.com, if honest numbers were being used the real unemployment rate in the U.S. would be 26.9 percent right now, and that would rival the worst levels that we witnessed during the Great Depression of the 1930s. Others have come up with similar numbers. For example, Axios is reporting that the “true unemployment rate” in the United States is currently 26.1 percent… A person who is looking for a full-time job that pays a living wage — but who can’t find one — is unemployed. If you accept that definition, the true unemployment rate in the U.S. is a stunning 26.1%, according to an important new dataset shared exclusively with “Axios on HBO.” No matter how you want to crunch the numbers, everyone should be able to agree that millions upon millions of Americans are really hurting financially and are deeply concerned about the future. And they have good reason to be concerned about the future because our economic system is in the process of imploding. For decades, the greatest debt bubble in the history of the world allowed us to enjoy a level of debt-fueled prosperity that was far greater than we actually deserved. Now the party is ending, and our society is going to experience an enormous amount of pain as everything changes. ***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.*** About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com. In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions. I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.
Mac SlavoSeptember 15th, 2020SHTFplan.com The Bureau of Labor Statistics just released new data that says the cost of living is going up as the main street economy crashes and the dollar loses its purchasing power. This also comes as more and more Americans continue to struggle to get by in the aftermath of the government’s reaction to the scamdemic. The new numbers released are comparing the consumer price index, which is essentially the price of common things we pay for all averaged together, of 2019 to that of 2020. The number has gone up. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in August on a seasonally adjusted basis after rising 0.6 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.3 percent before seasonal adjustment. –BLS.gov Since the Federal Reserve, the central banks, is continuing to bail out corporations and create money out of thin air, inflation and costs for basic necessities will continue to rise. Some areas of the economy are being hit harder than others too. The cost of food has jumped in the Bay Area of California, propelled by meat, poultry, and fish prices that have skyrocketed, joining soaring electricity costs, according to a report by Mercury News. Meat, fish, and poultry prices have soared a whopping 17.4 percent over the past 12 months ending in August in the Bay Area. This means that these prices are at a super-heated pace that’s 11 times greater than the region’s cost of living during the same one-year period. Because the cost of living is going up as the economy is struggling for everyday folks, it’s important to make a plan. Preparedness should include financial emergencies. Even though the dollar is crashing, having a little extra money on hand to be able to pay 3-6 months’ worth of bills will help you get through tough times. All it would take to eliminate the middle class is one more lockdown. Financially Prepped: The Importance of an Emergency Fund President Trump is Breaking Down the Neck of the Federal Reserve! He wants zero rates and QE4! You must prepare for the financial reset We are running out of time Download the Ultimate Reset Guide Now! Author: Mac SlavoViews:Date: September 15th, 2020Website: www.SHTFplan.com Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats. SHTFPLAN is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.