All over America, the middle class is dying and poverty is on the rise. One of the primary reasons for this is the rapidly rising cost of living in the United States. The cost of just about everything that average families shell out money for on a regular basis – food, rent, health insurance, etc. – is rising much faster than wages are. In a previous article I noted that the federal poverty level for a family of five is $28,410, but 51 percent of all American workers are making less than $30,000 a year at this point. We have seen an explosion in the number of people in this country that are considered to be “the working poor” and it gets worse with each passing year.
One of the most frustrating things for me personally is the rising cost of health insurance. Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.
Just recently, I got a letter informing me that my health insurance premiums would be going up by close to 20 percent in 2016. That is on top of an increase of more than 30 percent in 2015. Sadly, the exact same thing is happening to millions of other families all over the nation. The following comes from TruNews…
The Obamacare increases for 2016 have been released. Premiums will increase 3 times faster than officials claim.
Every state is different. Every insurer is different. New Mexico residents, for instance, can expect increases of 8 to 40 percent for the second-lowest cost silver plan. But for people in other states, including Arkansas the cost will increase less than 4 percent. Overall the average increase is 20.3 percent, according to analysis by The Daily Caller News Foundation, instead of the 7.5 percent originally asserted.
And of course it isn’t just health insurance. Every time I go to the grocery store I am stunned by the prices.
They often try to hide the price increases so that we will not notice them. Sometimes when I go food shopping I notice that some of my favorite things are “on sale”, but the sale prices are what the old “regular prices” used to be. And food companies just keep shrinking package sizes, but the amount we have to pay stays the same or goes up.
Unfortunately, our food dollars are never going to stretch any farther than they do right now. Thanks to erratic global weather, food prices are quickly moving higher. In fact, according to the Crux global food prices just rose by the most that we have seen in three years…
As a result of this relentless squeeze on our pocketbooks, tens of millions of families are struggling to pay the bills from month to month, and the middle class is continually getting smaller. As the middle class shrinks, poverty is growing and more Americans are becoming dependent on the government than ever before. The following numbers come out of one of my previous articles entitled “21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind“…
Even in the midst of this so-called “economic recovery”, large numbers of formerly middle class Americans are losing their jobs and losing their homes. And a surprising number of them end up either living in their vehicles or living in the streets. The following comes from a recent article by Joshua Krause…
On any given night in America, there are over a half a million people living on the streets or in their vehicles. As you can imagine, that’s not a good place to be in your life, but it happens. If you think that this is something that might happen to you one day in the near future (and who are kidding, it could happen to anyone these days) here’s a word of advice: Don’t wait until the last-minute, hoping for that next job interview to come through as you burn through your savings. If homelessness is a real possibility in your life, it’s something that you should be preparing for, not waiting for.
When I was growing up, it seemed like just about everyone in my entire high school was part of the middle class. But things have changed dramatically in America since that time. Today, the middle class is being absolutely eviscerated and our “leaders” don’t seem to care.
The United States is apparently fuming over the recent blows to the dollar, as a strengthening yuan is rousing a heightened response. The world is now watching video from a stunning ballistic missile display over the U.S. West Coast that was timed with China's latest currency announcement.
China achieved another major stride in taking over the predominance of the U.S. petrodollar, and achieving global reserve currency status. With more of Europe embracing the yuan, this techtonic shift is rapidly rearranging global order and tilting status to the Far East. Bloomberg reports:
Just after 9pm local time on Saturday evening, from the Kentucky, an Ohio-class ballistic missile submarine situated off Point Mugu.
It was an admitted missile launch test that reportedly lit up the entire sky over all of California, and also was seen in skies over Arizona and Nevada. They were fired from an SSBN sub; ultimately the missile was witnessed "disappearing far off into the sky on its long voyage to the Marshall Islands," the targets of the test.
The hysteria of the sighting to should include outrage at the attempts by the Pentagon to drag us into a wider war. It seems that if things are about to go bust, things will go boom first.