Tuesday, August 23, 2011

Broke! 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind

The Economic Collapse

The crumbling U.S. economy is putting an extraordinary amount of financial stress on American families. For many Americans, "flat broke" has become a permanent condition. Today, over half of all American families live paycheck to paycheck. Unemployment is rampant and those that do actually have jobs are finding that their wages are rising much more slowly than prices are. The financial condition of average American families continues to decline and this is showing up in all of the recent surveys.
For example, according to a new Gallup poll, "lack of money/low wages" is the number one financial concern for American families. To make ends meet, many American families are going into even more debt and ........

Where in the world did all of the good jobs go? Well, the truth is that millions of them have been shipped overseas. Our politicians promised us that merging our economy with the economies of other nations where it is legal to pay slave labor wages to workers would not create more unemployment inside America. They were dead wrong. Now we are being told that we just need to accept a lower standard of living.

Millions of our good jobs are being shipped out of the country. But it is not just the globalization of the economy that is destroying our jobs. The federal government bureaucracy has become so oppressive that it is amazing that anyone is still willing to hire workers in this day and age. Hiring workers has become so complicated and so expensive that many small business owners want to avoid it at all cost.


  1. Ha! I remember ole Al Gore saying the exact same thing " living paycheck to paycheck"
    that was how long ago???

    Too damn funny !!!!!

  2. All those taxes and still no single-payor healthcare.

  3. Please check out an article from courant.com by Dan Haar -

    Elephant in the Room - The low Value of work.

  4. All the economic packages/stimulus are not giving results, The administration should consult financial experts and find a way out of this.


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