7 things the middle class can’t afford anymore

Of course there weren't any iPhones aor XBoxes in 1975 either. But notice these things come from the largely unregulated tech sector?
Of course there weren’t any iPhones or XBoxes in 1975 . Some things are absolutely better and more affordable. But it should be noted that many if not most of the things which make our lives better come from the (mostly) unregulated tech sector. The market makes things better for the middle class. It’s a MARKET. The drive is always toward lower prices and higher quality. That is if the market is allowed to work, and usually it’s not.

Unfortunately this article does what nearly every article on the declining middle class seems to these days. It misses the real reason for the decline. Why is it that the value of our money is relentlessly eroded? Why is it harder to get by?

The Federal Reserve.

The Fed is the great linchpin of the crony economy. The debt creation machine. The inflation percolator. The money killer. Assassin of the middle class.

Saying that the article is still pretty good in many of its observations.

(From The USA Today)

The middle class has certainly changed. We’ve ranked a list of things the middle class can no longer really afford. We’re not talking about lavish luxuries, like private jets and yachts. The items on this list are a bit more basic, and some of them are even necessities. The ranking of this list is based on affordability and necessity. Therefore, items that are necessity ranked higher, as did items that a larger percentage of people have trouble paying for.

Click here for the article.