Some Tips for Surviving an Economic Meltdown

'These are just a few indicators that an economic meltdown of horrific proportions could be on its way. (And since I am an economics knucklehead, I won’t get into the technical reasons having to do with the way monetary policies affect the economy. To me, the anecdotal and real-time experiences with real people are good enough).

Oh sure, there are pockets of economic growth here and there. But for the most part, I see and sense a feeling of helplessness and hopelessness when it comes to money and matters relating to the economy. As much as I hate to admit it, even I feel that the middle class life I have known most of my adult years will never be the same. Pretty depressing when you think about it.'

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It's Official: Government Statistics Show the Middle Class is Dead

 Born 1950 - Died 2011: RIP by Jimmy Zuma

'There was once a middle class in America, and if you were an average worker you were part of it, but not anymore. Peruse last year's government figures for the average American family's spending and debt. The conclusion is dumbfounding: it's official, 2011 was the year the middle class died.' 

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30 Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes As We Enter 2012

 

 'Once upon a time, the United States had the largest and most vibrant middle class that the world has ever seen.  Unfortunately, that is rapidly changing.  The statistics that you are about to read prove beyond a reasonable doubt that the U.S. middle class is dying right in front of our eyes as we enter 2012.  The decline of the middle class is not something that has happened all of a sudden. 

Rather, there has been a relentless grinding down of the middle class over the last several decades. Millions of our jobs have been shipped overseas, the rate of inflation has far outpaced the rate that our wages have grown, and overwhelming debt has choked the financial life out of millions of American families. Every single day, more Americans fall out of the middle class and into poverty.' 

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