Shrinking Middle class
The Incredibly Shrinking Middle Class
I never thought I would find so much information on the incredibly shrinking middle class until I searched around for it on the Internet. In the United States, the middle class is put into a strange socioeconomic category. Although it is not easily defined everyone believes they belong in that class. I guess what you can do is look at it in two different ways. First ask the question “What percent of all income is distributed to the middle class at any time,” then think about “How many families obtain enough income to achieve a middle class standard of living at any point of time.” Basically these are two ways of approaching the middle class called either the percentile approach or the class share approach.
What comes into my mind when thinking on how to categorize those people that belong in the middle class, I look at such things as education, race, family, income, gender and how many people are in your household. I look at it as those people who are making between $40,000 and about $85,000 to be in the middle class while the next step would be the upper middle class and then to the upper class. Maybe I am wrong here, but like I said before, everyone wants to have that “I am middle class” attitude. The most recent Census Bureau survey data shows that the share of households with incomes of $75,000 or more has doubled in the past 24 years. Other studies, however, discover that more people who depart the middle class move down than up, at least temporarily.
The most often cited cause of the decline of the middle class in the United States is stagnant wages. Between 1955 and 1970, real wages adjusted and inflation rose by an average of 2.5 percent per year. Between 1971 and 1994, the average growth of real wages was 0.3 percent a year. The stagnation of wages has been especially noticeable to middle-class people, who rely very much on the money they make at their jobs. Recessions seem to hit higher income households much harder, which sends them down to the middle class. Middle-income households may or may not be more likely than higher-income households to qualify for unemployment compensation when jobs are scarce. But those who do are more likely than high-income households to receive benefits that replace a greater share of their regular wages, which helps them maintai...
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Data generated by the Census Bureau, the Bureau of Labor Statistics, the Federal Reserve and other nonpartisan sources oppose claims commonly made. For example, data from such agencies show that differences in family income largely reflect differences in how many members of a family actually work and how hard they work. Americans in all income groups have prospered, or have failed to prosper, together. Gains by upper-income Americans have not come at the expense of middle or lower-income Americans. Nor has anyone else gained in those periods when higher-income families have lost ground.
The best era in recent history for middle-income and lower-income American families was the Reagan era, which lasted from 1982 to 1989. During that period, middle-class families saw their real incomes grow by an average of 12.6 percent, while lower income families saw an average increase in real earnings of 12.9 percent.
The wealth inequality debate should focus on what public policies will aid the accumulation of wealth by more, not fewer, American families. The first step American’s need to make toward transforming our consumer culture is to understand it better.
I consider my family and I to be in the middle class category and from being in the middle class, and the facts that are provided, the middle class is slowly declining as the time goes on. I believe that a lot of people go beyond the middle class to the upper middle class or people go below the middle class to the poor category. I’ve found a graph from Forbes that compares the rates of all classes from 1979 to 2014. From observing the graph my initial hypothesis was right. The middle class has declined by 6.8% between the years 1979-2014.
Throughout the years, “ U.S income inequality has been increasing steadily since the 1970s and now has reached levels not seen since 1928” (Source A).
Lies, failure, depression, and loneliness are only some of the aspects that Holden Caulfield goes through in the novel The Catcher in the Rye written by J.D. Salinger. Salinger reflects Holden’s character through his own childhood experiences. Salinger admitted in a 1953 interview that "My boyhood was very much the same as that of the boy in the book.… [I]t was a great relief telling people about it” (Wikipedia). Thus, the book is somewhat the life story of J.D. Salinger as a reckless seventeen-year-old who lives in New York City and goes through awful hardships after his expulsion and departure from an elite prep school. Holden, the protagonist in this novel, is created as a depressed, cynical, and isolated character and he expresses this attitude through his dialogue, tone, and diction.
Holden is biased toward certain words that he sees as phony, but he still uses words that have the same connotation. In addition, he criticizes people who are perverted, yet he holds the same sexual desires even though he has never experienced it before. Finally, Holden tells lies to boost his self esteem however, he hates it when the same type of deceit is performed by other people. Holden goes through life meeting others and setting expectations for them. Unfortunately, those adults never seem to meet his expectations. Likewise, Holden himself can never manage to live up to his own ideals either establishing a character who is never fully honest and
The first era of income inequality in the United States lasted from post-civil war to around 1937, but in the following ten years income inequality fell dramatically.
“Catcher in the Rye”, by J.D. Salinger, is a timeless classic of a boy just trying to find himself in world full of rejecting people. The main characters name is Holden Caulfield. Holden is a sixteen year old boy who has been expelled from a yet another school. Holden has many problems in his life ranging from girlfriends to family. He does not have many friends, the girl he used to love had sex with a boy he hates, and his little brother passed away at a very young age. No matter what Holden tries to do, it seems life only gets worse. Holden has a strange personality. He wants to hold onto every childhood aspect that he can yet have sex with a prostitute. Every character in “Catcher in the Rye” has very different personalities and characteristics; each of these characters represents and shapes Holden’s own personality. Phoebe is the childhood side while Mr. Antolini is his adult side.
Smith, Noah. “How to Fix America's Wealth Inequality: Teach Americans to Be Cheap.” The Atlantic. Atlantic Pub., 12 March 2013. Web. 06 April 2014. .
In addition to their tremendous ecological benefit, coral reefs are also economically beneficial to humans, as they provide considerable services in terms of tourism, fisheries, and coastline protection. Surveys to determine their total global economic value are imperfect, imprecise, and highly varied in thei...
The Cold War stretched out from 1945 to 1990 and commenced during the time when Truman was the leader of the USA and Stalin the leader of the USSR. The USSR and the USA never went to war on their own soil but fought ‘proxy wars’ through allied countries. The first of these was in Korea. After the end of World War II both countries were keen to establish their strength in Europe and Asia. Both were interested in maintaining their markets and controlling the military might of the other side. Both were also committed to winning the battle of ideas: communism vs. capitalism. In an attempt to prevent communism taking hold in Korea general McArthur quadrupled his forces there. The USSR responded by sending over 1 million soldiers. Today Korea is still divided into the communist north and capitalist south. . Further proxy wars were fought in Angola, Nicaragua and Afghanistan. This was particularly shown during the USSR’s occupation of Afghanistan. This occurred in 1979. In response the USA supported the Mujahedeen or Afghani ‘freedom fighters’ dragging out the war. What would have been a fairly easy takeover for the USSR became a long and protracted war due to the USA involvement. The USSR was finally defeated by the Afghanis ten years later.
Richmond, R. H. 1993. “Coral Reefs: Present problems and Future Concerns Resulting form Anthropogenic Disturbance.” American Zoologist. V33: P524-536.
A big change that has occurred in the oceans all over the world is the Coral Reefs are dying and are predicted to be dead by the end of the century due to the rising acidity of the oceans caused by many different threats to marine ecosystems. Coral reefs cover less than 0.2% of our oceans but they contain 25% of the world’s marine fish species according to Endangered: Biodiversity on the brink, 2010: pg.45). If this is the case that means by the time the end of the century comes around we will have lost close to 25% of the worlds marine ecosystems.
Income inequality has affected American citizens ever since the American Dream came to existence. The American Dream is centered around the concept of working hard and earning enough money to support a family, own a home, send children to college, and invest for retirement. Economic gains in income are one of the only possible ways to achieve enough wealth to fulfill the dream. Unfortunately, many people cannot achieve this dream due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens. The United States has often experienced a rise in inequality as the rich become richer and the poor become poorer, increasing the unstable gap between the two classes. The income gap in America has been increasing steadily since the late 1970’s, and has now reached historic highs not seen since the 1920’s (Desilver). UC Berkeley economics professor, Emmanuel Saez conducted extensive research on past and present income inequality statistics and published them in his report “Striking it Richer.” Saez claims that changes in technology, tax policies, labor unions, corporate benefits, and social norms have caused income inequality. He stands to advocate a change in American economic policies that will help close this inequality gap and considers institutional and tax reforms that should be developed to counter it. Although Saez’s provides legitimate causes of income inequality, I highly disagree with the thought of making changes to end income inequality. In any diverse economic environment, income inequality will exist due to the rise of some economically successful people and the further development of factors that push people into poverty. I believe income inequality e...
Coral reefs, which are underwater structures created by calcium carbonate secretions, are some of the richest interdependent ecosystems on Earth. According to Wikipedia, coral reefs occupy less than 0.1% of Earth’s ocean surface, yet they provide a home for 25% of all marine species. Often referred to as the “rainforests of the ocean,” coral reefs are home to thousands upon thousands of species of plants and animals (“Coral Reef”). Not only are they an important part of ocean environments, but coral reefs are also extremely important and beneficial to humans; these reefs protect shorelines and provide countless people with food, jobs, and income sources. However, coral reefs are disappearing at an extremely alarming rate. From overfishing to pollution to sedimentation, the world’s coral reefs are in grave danger and humans must actively work to protect and restore these oceanic rainforests.
This article discusses how important the organisms symbiotic with coral reefs are, as well as how important coral reefs are to our environment. Also explained is how natural and non natural things things like hurricanes and overfishing affects them. A study is quoted about how water acidity also plays a role in the bleaching of corals. Lastly, restoration and conservation efforts are discussed and how we could possibly help our oceans.
The world’s largest living organism, the Great Barrier Reef, could be on the verge of dying from various reasons, but there are ways people can help preserve it. The reef is dying because of careless human behavior, causing coral bleaching, over fishing, and diminishing water quality. It benefits people by the food, income, and medicine it provides. People can help preserve it when on the reef, fishing and boating, and at-home lifestyles. People are responsible for a large part of the reef’s death and are also responsible for the preserving of it.