33 Percent of Americans Raised Middle Class Move Downward as Adults

September 9th, 2011

The report doesn’t mention people who were raised in middle class households and consciously, voluntarily moved downward. *wink*

My family of four is severely poor, according to the definitions in the report (and by New Zealand definitions), but we’re far better off than some people we know who are making several multiples of what we make each year.

It’s interesting how the report paints the picture of a low income lifestyle as something that happens to people because of unfortunate choices and circumstances. After all, it’s unthinkable that people would consciously choose to live debt free, stay home with their children, own their property and vehicles outright and legally avoid income tax rape by the vampire state…

Via: NPR:

The idea that children will grow up to be better off than their parents is a central component of the American Dream, and sustains American optimism. However, Downward Mobility from the Middle Class: Waking up from the American Dream finds that a middle-class upbringing does not guarantee the same status over the course of a lifetime.

Posted in Economy, Resistance, Social Engineering | Top Of Page

3 Responses to “33 Percent of Americans Raised Middle Class Move Downward as Adults”

  1. difranco says:
    September 9, 2011 at 1:00 am

    I don’t need a weatherman to tell me which way the wind blows either.

    In 1973 my father was the lead fabricator at a slaughterhouse making $12.50 an hour. In 2010 dollars that $60.65 an hour or about $126,000 a year.

    http://www.westegg.com/inflation/

  2. tito says:
    September 9, 2011 at 2:32 am

    It doesn’t help that everybody has a different opinion as to what “middle class” means.

  3. prov6yahoo says:
    September 9, 2011 at 4:36 pm

    Yeah, I almost hate making enough money where I have to pay fedtax. Sonssabitches.

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