Middle Class Being Squeezed Out

by Dr. Ben on March 9, 2012

childrenYou need to straighten out your finances!  National and global economic forces are conspiring to drive you further down the economic ladder.  In “Nation Briefs” (“Poverty at Record High, Middle Class Shrinking,” Miami Herald, 12/15/11) latest census figures reveal a shocking increase in poverty.  According to the data “a record number of Americans – nearly 1 in 2 – have fallen into poverty or are scraping by on earnings that classify them as low income.”  Yes, you read that right – half of the population!

The most likely to be poor; Children and Senior Citizens.  In fact 57% of children in this nation are considered poor or low income. Next in line are those over 65.  By race and ethnicity Hispanics are first at 73%, followed by blacks and Asians; finally white non-Hispanic.

You may not be able to do anything about the economy, but you can certainly work at improving your own finances.  And, while you’re at it, show some compassion and understanding for those who are slipping behind.  It’s important to share with others when you’re in a position to do so.  What makes this country great is the tapestry of diversity, community, and opportunity.  Let’s pull together.

Previous post: