Zero Hedge says there are seven things that the middle class can’t afford anymore:
VACATIONS - A vacation is an extra expense that many middle-earners cannot afford without sacrificing something else.
NEW CARS – Very few people who earn the median income can afford to buy a new car or truck.
EMERGENCY SAVINGS – Most members of the middle class don’t have at least six months of emergency savings, however, and some working people have no such savings.
RETIREMENT SAVINGS – As of late, around 20% of people near 65 have not saved anything for retirement at all, and the majority of people — 59% — worry that they don’t have enough money saved for retirement…
TO PAY OFF DEBT – More than 160 million Americans have credit cards.” “The average credit card holder has at least three cards.” “On average, each household with a credit card carries more than $15,000 in credit card debt.”
MEDICAL CARE – a shocking 66% of households say they’ve had to choose between paying for food and paying for medical care — 31% say they have to make that choice each and every month.
DENTAL CARE – According to the CDC, nearly one in four adults between the ages of 20 and 64 have untreated dental caries (like cavities or infections)
The post Biden: “The Middle Class Has Been Left Behind” appeared first on Mover Mike.