The Death of the Middle Class

http://www.mybudget360.com/banking-and-housing-payments-devoured-the-middle-class-income-%e2%80%93-1-out-of-10-americans-on-food-stamps-and-how-the-fed-slowly-devalued-the-dollars-in-your-wallet/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+mybudget360%2FQePx+%28My+Budget+360%29

Mybudget 360 provides interesting analyses of factors shaping US households' budgets. Their current post argues that 1 in 10 Americans is now dependent upon food stamps. The link above is well worth reading.

I read in the Arizona Republic yesterday (Saturday Feb 6) that over 52% of the states babies are born under the state's Medicaid program!

The federal government's broadest figure for unemployment, the U6 figure, is over 17%!

The WSJ reported on 2/3/2010 that 1 in 8 Americans used food banks in 2009.

The WSJ also reported on 2/3/2010 that consumer bankruptcies rose 15% in January, year over year.