Source: AgainstCronyCapitalism.org/September 5, 2017
The Fed driven system of debt continues to grind the middle class under the wheel. Or are we ON the wheel? Feels like both for many.
We see a subtle inflation. (Better than the other kind of inflation but still insidious.) Groceries are a little more expensive. Health care (manipulated by government and crony companies) is a little more expensive. Cars are more expensive. Even houses, in many places, finally, are a little more expensive. Yet wages – for many but not all – continue to stagnate.
I’ll bet things would be a good bit easier for many families if their income taxes were cut in half.
Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder.
Overall, 71 percent of all U.S. workers said they’re now in debt, up from 68 percent a year ago, CareerBuilder said.
While 46 percent said their debt is manageable, 56 percent said they were in over their heads. About 56 percent also save $100 or less each month, according to CareerBuilder. The job-hunting site polled over 2,000 hiring and human resource managers and more than 3,000 full-time employees between May and June.