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.