By Nancy Thorner – According to this article by Nick Giambruno, The Long Death of America’s Middle Class, the middle class is vanishing.
In 2015, America’s middle class dipped below 50% of the population for the first time since data collection started. It’s now an official minority group. [..] In the late 1950s was the golden age of America’s middle class. The US had robust Main Streets and thriving small businesses. Back then, the US produced three-quarters of the world’s cars, airplanes, and most of the world’s steel and built the majority of the world’s skyscrapers.
Role of globalists in middle-class decline
As Michael Snyder wrote: Globalists Are Systematically Destroying America’s Middle Class.
The United States has lost more than 70,000 manufacturing facilities since China joined the ‘WORLD TRADE ORG’ [WTO] and this is one of the biggest factors that has eroded the middle class. [..]
Most people don’t realize that our economy is being integrated into a global economic system; that’s bad for American workers. Now they’re being merged into a global labor market where we must compete directly for jobs with workers in nations where it’s legal to pay slave labor wages…
The current Biden administration inflation is also taking a toll on the financial well-being of the America’s middle class.
What is defined as middle class?
A single American making $30,000 to roughly $90,000 every year is middle-income, according to Pew. A household of two would have to earn around $42,000 to $127,000 to qualify.
A little over half of Americans surveyed by Northwestern Mutual in 2018 said the range for being in the middle class were assets between $50,000 to $99,999.
All part of the plan to destroy the middle class so the fasco-Marxists can take over. And, yes, fasco-Marxist is the correct description. Fascism, as defined by Mussolini in his 1932 eponymous book, which you can download online here https://sjsu.edu/faculty/wooda/2B-HUM/Readings/The-Doctrine-of-Fascism.pdf is the where the socialist state uses co-opted, crony big biz as its “muscle.” Think Google, Amazon, etc. Yet we know CRC and other methods are clearly Marxist. But recall Nazi means National SOCIALIST German Workers’ Party…. get it…. s-o-c-i-a-l-i-s-t…. Schwab bust of Lenin in his office I noticed while listening to this evil man. Pix at 3 second mark, 1:17 mark to 1:30 and 2 min mark, at https://www.youtube.com/watch?v=EeXjEQW03uY