The middle class is about to be null and void. How did this happen? Everyone is willing to point fingers but know one knows for sure what really happened. This article explains some of what is happening. I am part of the poor working middle class and I don’t even work. Sad to say but I just can’t work a low paying job and pay for daycare for two small kids. That is what my world and others have to face the decision to either give up your check or stay home and make nothing. There is no grey area it’s either one or the other. I think people are working even harder and not making enough to survive. Middle class people usually make between 35,000 to 50,000 a yr and sometimes that's with both married couples. So let me break down this middle class thing. You make, lets say 40,000 a yr but do you really make that not really after taxes, insurance, 401k, and anything else that comes out of your check is taken out you only really bring home 38,000 a yr. Now lets break that down into monthly you should be at around 3100 a month. Now lets look at bills you have a mortgage or rent for 900 dollars that leaves 2200 for bills. That sounds good right, lets add the bills this will include just the house bills (light, water, cable, phone, etc) lets put that at about 400. That will leave 1800 now lets add in a car, insurance, cell phone, and gas that's about 600. That leaves about 1200 which is really good but wait food, child care, and clothes will take up the rest of that fairly quickly. No money really left to go into savings unless you don’t buy clothes. If there is no money left then the middle class has gone to the working poor class because many people make this a year and work their butts off doing it and they can’t even open up a savings account. Yes I think the middle class is shrinking and if this economy does not get it’s act together then the middle class will be almost non existent
http://biztalkwithk.com/2011/05/09/the-middle-class-is-shrinking/
