The Truth About The US Economy

I’m not the first to talk about this, I know I won’t be the last.  A recent post on YouTube has prompted this, but much of what has been said has already been documented in:

The Millionaire Next Door

The Debt Diet - The Oprah Winfrey Show

I.O.U.S.A.

Capitalism:  A Love Story

Inequality For All

Enron:  The Smartest Guys In Town

Inside Job

Maxed Out

Minimalism:  A Documentary

Money For Nothing

The One Percent

Several Frontline Documentaries including Money, Power & Wall Street

It’s basically that the middle class is disappearing.  The model for the middle class is no longer sustainable with companies going out of business to make way for giants in those industries taking over to the point where it will only be a matter of time where price fixing will begin to occur, if it hasn’t already.

With that, people are going for low wage jobs to pay for food and housing, meanwhile the titans of industry demand, and are compensated, a higher level of pay and compensation, with the divide between CEO pay vs. the wages of the lowest on the ladder growing.

Yes, change is happening, and that change is going to lead, ultimately, to fewer people being able to afford the luxuries once enjoyed by the middle class.

Example:  When was the last time you tried to buy a house?

Here is the video from His & Her Money.