Median Household Income Is Falling In Almost Every Single Major American City.
Median household income is falling in the vast majority of U.S. states and in virtually every single major U.S. city. According to the Census Bureau's annual survey of income and poverty in the United States, of the 52 largest metro areas in the nation, only the city of San Antonio did not see a decline in median household income in 2009. Needless to say, that is not good news. If incomes are falling from coast to coast, then how in the world can anyone claim that we are experiencing a "recovery"? The truth is that we are not in the middle of an economic recovery. What we are in the middle of is a long-term economic decline. Incomes are going down and middle class American families find themselves squeezed like never before. Meanwhile, unemployment has skyrocketed in recent years and it has become much harder to get a good job. Less Americans than ever are able to achieve anything even close to resembling the American Dream. Things are getting really tough out there, and as more jobs and factories leave the United States, as the U.S. government goes into even more debt and as the economy continues to implode things are going to get even worse.
*In Detroit, median household income declined 10% to $48,535.
*In Orlando, median household income dropped almost 10% to $46,856.
*In Cleveland, median household income fell 8.5% to $45,395.
*In Miami, median household income declined 8.2% to $45,946.
*In Indianapolis, median household income dropped 7.1% to $50,140.
Remember, these declines were just in one single year.
And each year, 40 or 50 thousand dollars buys a whole lot less than it did the year before.
Median Household Income Is Falling In Almost Every Single Major American City
But what should we expect? As the federal government continues to grow, Washington D.C. is rapidly becoming the center of the economy.
Today, the average federal worker makes nearly twice as much in total compensation as the average worker in the private sector does.
Does that seem like a good thing to you?
Of course not.
We are descending into European-style socialism as a staggering rate and the private sector is dying a very slow and painful death.
In fact, it is becoming increasingly difficult to live a middle class lifestyle without working for the government these days.
That has to stop, and soon.
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