A Clear Sign That Our Elected Officials Are Ending The American Dream

[Jim H - VA USA]

A single income used to be able to support a family, affording a single-family home, a vehicle and college tuition. Recently even. Even on a military salary. And one could expect to have a comfortable retirement beginning at a younger age than current.

Salary needed to buy the median US home is now $76K and median income is $67.5K.

There are many contributors to this. Clearly, a dollar and the median real worth of American labor has decreased.

• We've outsourced manufacturing and buy nearly everything from overseas.
• We've massively increased the National Debt.
• We redistribute more earnings through local, state, and federal taxes on both income and profits.
• We've passed burdensome regulations on businesses and just about every aspect of life.
• We give billions away in foreign aid in the form of direct payments and indirect "military assistance."
• We award contracts to the richest among us in trade for political contributions

Biden Admin is accelerating the decline with unenforced borders, wasteful spending, a war on fossil fuels, and out of control inflation. Nothing is being done to really address the issue, instead, the Admin attempts to convince its supporters that things are going well by blaming Putin, claiming the situation is part of a wonderful "transition" everyone will eventually love, and changing definitions of things like "recession."

The map that reveals the American dream is over? Salary needed to buy the median US home is now $76K - and the typical family cannot afford a house in 35 of country's 50 biggest cities​

• Nationwide, a salary of $76,000 is needed to afford the median home, $8,500 more than the median income
• A family making the typical salary of $67,500 can't afford homes in 35 of the 50 largest US cities
• San Jose leads the nation in home prices, with a median price of $1,875,000 requiring a salary of $330,758
• Pittsburgh is most affordable of the top 50, with a salary of $42,858 affording the median home at $185,700

Median salary needed to buy a home is now $76K

Based on home price data from the first quarter of the year, the salary needed to afford the median US home stood at almost $76,000 - roughly $8,500 more than the typical household actually makes.

www.dailymail.co.uk

 

[Missouri_Mike]

Just like the left wants it. People begging for housing is far better for them than people being able to buy a home. It’s all to keep their voter base as large as possible.

 

[1srelluc]

And as long as free shit is being handed out jack and shit will be done about it. At this point I think deserves has everything to do with it.

You have a generation or better that never heard tell of dad pulling doubles at the factory or mill.....They have very little understanding of what it took to build the middle class.

 

[otto105]

A single income used to be able to support a family, affording a single-family home, a vehicle and college tuition. Recently even. Even on a military salary. And one could expect to have a comfortable retirement beginning at a younger age than current.

Salary needed to buy the median US home is now $76K and median income is $67.5K.

There are many contributors to this. Clearly, a dollar and the median real worth of American labor has decreased.

• We've outsourced manufacturing and buy nearly everything from overseas.
• We've massively increased the National Debt.
• We redistribute more earnings through local, state, and federal taxes on both income and profits.
• We've passed burdensome regulations on businesses and just about every aspect of life.
• We give billions away in foreign aid in the form of direct payments and indirect "military assistance."
• We award contracts to the richest among us in trade for political contributions

Biden Admin is accelerating the decline with unenforced borders, wasteful spending, a war on fossil fuels, and out of control inflation. Nothing is being done to really address the issue, instead, the Admin attempts to convince its supporters that things are going well by blaming Putin, claiming the situation is part of a wonderful "transition" everyone will eventually love, and changing definitions of things like "recession."

The map that reveals the American dream is over? Salary needed to buy the median US home is now $76K - and the typical family cannot afford a house in 35 of country's 50 biggest cities​

• Nationwide, a salary of $76,000 is needed to afford the median home, $8,500 more than the median income
• A family making the typical salary of $67,500 can't afford homes in 35 of the 50 largest US cities
• San Jose leads the nation in home prices, with a median price of $1,875,000 requiring a salary of $330,758
• Pittsburgh is most affordable of the top 50, with a salary of $42,858 affording the median home at $185,700

Median salary needed to buy a home is now $76K

Based on home price data from the first quarter of the year, the salary needed to afford the median US home stood at almost $76,000 - roughly $8,500 more than the typical household actually makes.

www.dailymail.co.uk

You’re playing libertarian fools gold bullshit.

The squeezing of the American middle class (the great driver of our economy) started under Reagan who bought the conservative view of pushing that share of income to the top.

 

[Missouri_Mike]

You’re playing libertarian fools gold bullshit.

The squeezing of the American middle class (the great driver of our economy) started under Reagan who bought the conservative view of pushing that share of income to the top.

You’re an idiot. Can you explain how Reagan’s policies pulled us out of the Carter fails economy and ever since the further we got away from his policies the worse things get?

Can you explain how now that we have eliminated the Reagan doctrine we have arrived at the second coming of Carter with Bidumb?

Two years ago the obie problems were fixed. Now we have this failure. Explain how this is good.

 

[eagle7-31]

You’re an idiot. Can you explain how Reagan’s policies pulled us out of the Carter fails economy and ever since the further we got away from his policies the worse things get?

Can you explain how now that we have eliminated the Reagan doctrine we have arrived at the second coming of Carter with Bidumb?

Two years ago the obie problems were fixed. Now we have this failure. Explain how this is good.

Don't hold your breath waiting for a straight answer.

 

[Jim H - VA USA]

You’re playing libertarian fools gold bullshit.

The squeezing of the American middle class (the great driver of our economy) started under Reagan who bought the conservative view of pushing that share of income to the top.

I was not playing any games. I was completely serious, speaking from experience as a child of a single-earner and as a single earner myself, and providing my own insight/opinion.

Reagan greatly reduced unemployment (continually throughout his term), the US experienced average GDP growth of 3.6% under his eight years, inflation dropped from 12.5% to 4.4%, and he reduced taxes on the Middle Class while an additional six million poor people no longer had to pay any taxes due to the increase in exemptions, deductions and earned income credit. He left office with a 68% approval rating.

Ronald Reagan - Wikipedia

en.wikipedia.org

 

[iamwhatiseem]

I was not playing any games. I was completely serious, speaking from experience as a child of a single-earner and as a single earner myself, and providing my own insight/opinion.

Reagan greatly reduced unemployment (continually throughout his term), the US experienced average GDP growth of 3.6% under his eight years, and inflation dropped from 12.5% to 4.4%, and reduced taxes on the Middle Class while an additional six million poor people no longer had to pay any taxes due to the increase in exemptions, deductions and earned income credit. He left office with a 68% approval rating.

Ronald Reagan - Wikipedia

en.wikipedia.org

The cluelessness of otto's remark is incredible

 

[otto105]

The cluelessness of otto's remark is incredible

You better clue yourself in for better discussions.

https://eprints.lse.ac.uk/59386/1/b...gans_attacks_on_union_strength_and_contin.pdf

 

[Dragonlady]

Just like the left wants it. People begging for housing is far better for them than people being able to buy a home. It’s all to keep their voter base as large as possible.

It's not the leftists that block any attempt to raise the minimum wage and instead increase "earned income credits". You qualify for a mortgage with wages, not government assistance.

In the past 42 years, Republicans raised the minimum wage just once. Democrats have raised it 8 times, but since Republicans have been in office for 24 of those 42 years, 24 years without any raises for working class Americans may go a long way towards explaining why so few workers can afford a house.

You’re an idiot. Can you explain how Reagan’s policies pulled us out of the Carter fails economy and ever since the further we got away from his policies the worse things get?

Can you explain how now that we have eliminated the Reagan doctrine we have arrived at the second coming of Carter with Bidumb?

Two years ago the obie problems were fixed. Now we have this failure. Explain how this is good.

The Reagan doctrine was been in effect until Biden was elected. Clinton did nothing to change the Reagan Tax Codes, and both W and Trump followed Reagan's lead with tax cuts, increasing the deficit at the same time, and all three Presidents got the same result - they crashed the economy.

Your assertion of problems with "obie" is ridiculous. Trump road Obama's coattails on everything from the strength of the economy to the unemployment rate. Right up to the point where poorly thought out tax cuts crashed the economy.

 

[otto105]

You’re an idiot. Can you explain how Reagan’s policies pulled us out of the Carter fails economy and ever since the further we got away from his policies the worse things get?

Can you explain how now that we have eliminated the Reagan doctrine we have arrived at the second coming of Carter with Bidumb?

Two years ago the obie problems were fixed. Now we have this failure. Explain how this is good.

President Carter putting Paul Volcker in as Head of the Fed turned inflation.

Reagan lowered taxes on the rich and ballooned deficits.

 

[Jim H - VA USA]

You better clue yourself in for better discussions.

https://eprints.lse.ac.uk/59386/1/b...gans_attacks_on_union_strength_and_contin.pdf

LOL. Your reference is an article written by a Sociology professor (a Socialist) which was based upon a pro-union paper published in American Sociological Review.

It doesn't focus on important statistics; it focuses on something they call "income inequality."

Income inequality means squat. We can all get richer, and when we do, the rich and harder working tend to gain even more. That's okay, as they are the ones doing the hiring.

"Income equality" would mean everyone is paid the same, and we are all equally poor. There is no motivation to work harder or smarter, as you can loaf and get paid the same as the next guy or gal.

This is why unions destroyed the once powerful steel industry in America. In a union, wages and benefits are decided by seniority, not merit. So are terminations. Those with the most seniority get the highest pay, and have little fear of losing their jobs, so there is little motivation to work extra hard.

And talk about income inequality!....

Salaries of Union Leaders - Wessels Sherman

Salaries of Union Leaders

www.wesselssherman.com

 

[Jim H - VA USA]

It's not the leftists that block any attempt to raise the minimum wage and instead increase "earned income credits". You qualify for a mortgage with wages, not government assistance.

In the past 42 years, Republicans raised the minimum wage just once. Democrats have raised it 8 times, but since Republicans have been in office for 24 of those 42 years, 24 years without any raises for working class Americans may go a long way towards explaining why so few workers can afford a house.



The Reagan doctrine was been in effect until Biden was elected. Clinton did nothing to change the Reagan Tax Codes, and both W and Trump followed Reagan's lead with tax cuts, increasing the deficit at the same time, and all three Presidents got the same result - they crashed the economy.

Your assertion of problems with "obie" is ridiculous. Trump road Obama's coattails on everything from the strength of the economy to the unemployment rate. Right up to the point where poorly thought out tax cuts crashed the economy.

The minimum wage is intended for entry level, no-skill required positions such as summer work for high school kids and dropouts. It's not intended to be a living wage to support a family. If people want to raise a family, they need to get some valuable skills and apply them.

 

[B. Kidd]

Just like the left wants it. People begging for housing is far better for them than people being able to buy a home. It’s all to keep their voter base as large as possible.

It makes subjects out of what once were citizens!!

Otherwise known as Co- Dependency.

 

[iamwhatiseem]

You better clue yourself in for better discussions.

https://eprints.lse.ac.uk/59386/1/b...gans_attacks_on_union_strength_and_contin.pdf

Dude... Reagan was the last great President we had.
There is no other President in our lifetime that took over when the country was in such bad shape on virtually every level, not just economic... and when he left office we were completely the opposite.
That is not to say others didn't do things that were not so awesme during his Presidency.
But overall - he did very, very well. Perfect?... no. No one is.
Anyone not knowing this - is either completely ignorant or completely partisan and only reads what was bad.
Which are you?

 

[Missouri_Mike]

It's not the leftists that block any attempt to raise the minimum wage and instead increase "earned income credits". You qualify for a mortgage with wages, not government assistance.

In the past 42 years, Republicans raised the minimum wage just once. Democrats have raised it 8 times, but since Republicans have been in office for 24 of those 42 years, 24 years without any raises for working class Americans may go a long way towards explaining why so few workers can afford a house.



The Reagan doctrine was been in effect until Biden was elected. Clinton did nothing to change the Reagan Tax Codes, and both W and Trump followed Reagan's lead with tax cuts, increasing the deficit at the same time, and all three Presidents got the same result - they crashed the economy.

Your assertion of problems with "obie" is ridiculous. Trump road Obama's coattails on everything from the strength of the economy to the unemployment rate. Right up to the point where poorly thought out tax cuts crashed the economy.

Raising minimum wage creates no new home owners. None. You can’t force a wage that can do that other than welfare and low income project housing. Then everyone is equally screwed and own nothing.

 

[LeftofLeft]

You’re playing libertarian fools gold bullshit.

The squeezing of the American middle class (the great driver of our economy) started under Reagan who bought the conservative view of pushing that share of income to the top.

“Share of the income”? Last I checked, income is earned. Where are they “sharing” or distributing income?

 

[LeftofLeft]

You’re playing libertarian fools gold bullshit.

The squeezing of the American middle class (the great driver of our economy) started under Reagan who bought the conservative view of pushing that share of income to the top.

You people really need to run on that, “share your income”.

 

[jwoodie]

You better clue yourself in for better discussions.

https://eprints.lse.ac.uk/59386/1/b...gans_attacks_on_union_strength_and_contin.pdf

Still butt-hurt over firing the air traffic controllers?

 

[MarcATL]

It's not the leftists that block any attempt to raise the minimum wage and instead increase "earned income credits". You qualify for a mortgage with wages, not government assistance.

In the past 42 years, Republicans raised the minimum wage just once. Democrats have raised it 8 times, but since Republicans have been in office for 24 of those 42 years, 24 years without any raises for working class Americans may go a long way towards explaining why so few workers can afford a house.



The Reagan doctrine was been in effect until Biden was elected. Clinton did nothing to change the Reagan Tax Codes, and both W and Trump followed Reagan's lead with tax cuts, increasing the deficit at the same time, and all three Presidents got the same result - they crashed the economy.

Your assertion of problems with "obie" is ridiculous. Trump road Obama's coattails on everything from the strength of the economy to the unemployment rate. Right up to the point where poorly thought out tax cuts crashed the economy.

Facts!