Thursday, September 27, 2012
*Bye Bye Middle Class*
Welcome back to another intriguing look into the Social Classes!
http://www.youtube.com/watch?v=_PsUyEYO16E
This week I have a video for you all about the explanation of the rapid disappearance of the middle class. The middle class was once the epitome of the economic opportunities in the United States, however since the Recession hit and affected all 3 classes, the middle class was the first class to start disappearing.
With the unemployment rate still high, and houses virtually being abandoned, the gap between rich and poor in the country is becoming even smaller and smaller. We face the chance of only having rich and poor if the Recession continues on the path it is on or gets any worse. This video shows how the middle class, which was the basis of American income has taken a significant dip lately. Enjoy your weekly cartoon! :)
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Great video! It is a little unnerving, as a member of the middle class, to hear that there may one day be just the rich and the poor. This poses the question, which will I be? We can not predict what kind of money we will make when we are adults (at least not with complete accuracy)so to hear they might not be a "happy medium" for us to fall into is scary. Hopefully the economy turns around and we can revive the middle class.
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