That "Disappearing Middle Class"

The Rabbi

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Where did they go? The answer will so surprise the libs here that they will do cartwheels explaining away the evidence.
Census data on income distribution reveal evidence of rising income levels for a rising share of American households | AEIdeas

I posted and wrote about a similar chart last summer that displayed the distribution of “family income” and concluded in that post that the Census income data may suggest that the reason the middle class might appear to be “disappearing” is because that income group has actually moved into the upper-income category, and not falling into a lower-income group as is typically claimed. That post generated more than 200 comments with some good suggestions, including:
More at the source, which libs will doubtless ignore.
 

Sawbriars

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Where did they go? The answer will so surprise the libs here that they will do cartwheels explaining away the evidence.
Census data on income distribution reveal evidence of rising income levels for a rising share of American households | AEIdeas

I posted and wrote about a similar chart last summer that displayed the distribution of “family income” and concluded in that post that the Census income data may suggest that the reason the middle class might appear to be “disappearing” is because that income group has actually moved into the upper-income category, and not falling into a lower-income group as is typically claimed. That post generated more than 200 comments with some good suggestions, including:
More at the source, which libs will doubtless ignore.
Hey Chump.....Tell us something we do not know....if you know it? If you fail....do not fret I will come to the rescue dumbass. heh heh
 

Vox

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the main aim of the left is liquidation of the middle class - and making everybody poor, dependent on the government handout and "equal" in their misery. Which, obviously, won't include the mighty "ruling class" - the left themselves.

That is the socialist dream.
 

Sawbriars

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How has obama helped his brethern? The Disappearing Black Middle Class

Jesse Washington, Chicago Sun-Times, July 10, 2011

Millions of Americans endured financial calamities in the recession. But for many in the black community, job loss has knocked them out of the middle class and back into poverty. {snip}

“History is going to say the black middle class was decimated” over the past few years, said Maya Wiley, director of the Center for Social Inclusion. “But we’re not done writing history.”

{snip}

In 2004, the median net worth of white households was $134,280, compared with $13,450 for black households, according to an analysis of Federal Reserve data by the Economic Policy Institute. By 2009, the median net worth for white households had fallen 24 percent to $97,860; the median net worth for black households had fallen 83 percent to $2,170, according to the institute.

Austin described the wealth gap this way: “In 2009, for every dollar of wealth the average white household had, black households only had two cents.”

Austin thinks more black people than ever before could fall out of the middle class because the unemployment rate for college-educated blacks recently peaked and blacks are overrepresented in state and local government jobs. Those are jobs that are being eliminated because of massive budget shortfalls.

Since the end of the recession, which lasted from 2007 to 2009, the overall unemployment rate has fallen from 9.4 to 9.1 percent, while the black unemployment rate has risen from 14.7 to 16.2 percent, according to the Department of Labor. {snip}

{snip}

Nearly 8 percent of African Americans who bought homes from 2005 to 2008 have lost them to foreclosure, compared with 4.5 percent of whites, according to an estimate by the Center for Responsible Lending.

{snip}

Wiley said Obama should be applauded for several initiatives that have helped the black middle class, such as programs to modify certain mortgages and prevent foreclosure because of job loss. But she would like Obama to aggressively counter the suggestion that first black president would be showing favoritism if he specifically helped black people.

“It’s the right thing to do for the nation,” she said. “Black people are a huge segment of the population, they’re especially hard-hit, and the country cannot recover if the black community–as well as the white community and others–does not recover.”

Original Article
 
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The Rabbi

The Rabbi

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Where did they go? The answer will so surprise the libs here that they will do cartwheels explaining away the evidence.
Census data on income distribution reveal evidence of rising income levels for a rising share of American households | AEIdeas

I posted and wrote about a similar chart last summer that displayed the distribution of “family income” and concluded in that post that the Census income data may suggest that the reason the middle class might appear to be “disappearing” is because that income group has actually moved into the upper-income category, and not falling into a lower-income group as is typically claimed. That post generated more than 200 comments with some good suggestions, including:
More at the source, which libs will doubtless ignore.
Hey Chump.....Tell us something we do not know....if you know it? If you fail....do not fret I will come to the rescue dumbass. heh heh
The only thing you could probably rescue is the leftovers at an all you can eat buffet. Fuck off.
 

Sawbriars

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Hey Rabbi:

What's the difference between a catholic wife and a Jewish wife?


A catholic wife has real orgasms and fake jewellery!
 

Sawbriars

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Hopefully there is enough of the middle class left to pay for Promise zones.
Mainstream Republicans are confused about what the 'Middle Class' actually is.....as well as many other things.

Let me break it down so that even the dumbest pc/liberal/moderate republican will have no problem understanding what is needed to win..................remember this term......forget that you think it is racist.............WHITE WORKING CLASS----

That is the only possible bloc of voters that have the clout to put a Republican in the White House.....continue to treat them like a red headed step-child if you so desire....but recognize you will never win the White House if you do.....in fact failing to heed my warning may result in the demise/break up of the Republican Party.....if not now....definitely after they lose another election with a liberal/pc/moderate candidate aka.....jeb bush or any other loser of that stripe. Deal wid it chumps....don't say I didn't tell you so.
 
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The Rabbi

The Rabbi

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Wow it didnt take long for me to decide I've had enough of you. On to iggy with your pals, troll.
 

Sawbriars

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Wow it didnt take long for me to decide I've had enough of you. On to iggy with your pals, troll.
and another moderate/politically correct/liberal so called republican bites the dust........this is the sort of confused republican that will allow another democrat in the White House.
 

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