{"id":114099,"date":"2019-01-20T10:51:05","date_gmt":"2019-01-20T14:51:05","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=114099"},"modified":"2019-01-20T10:51:05","modified_gmt":"2019-01-20T14:51:05","slug":"american-middle-class-is-disappearing-by-purposeful-design","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=114099","title":{"rendered":"American Middle Class Is Disappearing By Purposeful Design"},"content":{"rendered":"

Economic boom for whom? Keiser Report examines America\u2019s disappearing middle class (VIDEO)<\/h1>\n
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\u00a9 Reuters \/ Mike Segar<\/p><\/div>\n

RT.com<\/p>\n

The US economy is booming \u2013 but fewer and fewer are reaping the benefits. The Keiser Report crunched the numbers behind America\u2019s dwindling middle class, and warned that the country\u2019s young are in for a rough, debt-ridden future.<\/p>\n

As Democrats and Republicans squabble over who deserves credit for the thriving stock market, the sobering reality is that approximately 48 percent of Americans earn under $30,000 a year, co-host Stacy Herbert revealed. A tiny 1.4 percent of the population, on the other hand, earns more than $250,000 a year.<\/p>\n

\u201cThe pattern of generations living better than their parents is broken,\u201d<\/em>\u00a0Max Keiser commented.<\/p>\n

Herbert agreed, noting that higher living standards brought about by decades of rapidly-growing debt has created a global fiat\u00a0\u201cPonzi scheme.\u201d<\/em>\u00a0Older generations who\u00a0\u201cbought into\u201d<\/em>\u00a0the scheme first have benefitted greatly, but it will be their children and grandchildren who will ultimately pay the price for this unsustainable economic model, Herbert added.<\/p>\n

Watch the full episode below:<\/p>\n