The famous singer, Kenny Rogers, used to sing to his audiences that “you had to know when to hold’em and know when to fold’em”. Holding to this philosophical notion, your children will be faced with the dilemma of deciding when it would be best to fold’em and leave the country for greener pastures because economic opportunity in the United States is evaporating with over half of America approaching third world living conditions.
The American Middle Class Is An Endangered Species
Although the United States is still one of the top of wealthiest nations, the Credit Suisse Global Wealth Report notes that the middle class in the U.S. ranks only 19th in global median wealth. Even the globalist-serving CNN states that the middle class home ownership rates in Europe are far higher than they are in the United States. The U.S. middle class is falling behind in every major economic indicator, according to this new report.
The average American wage was $56,080 at the end of the 20th century. Only twelve years later, it had slipped to $51,017. The average American’s net worth is an impressive $301,000. Only Switzerland, Norway and Australia have average net income rates higher than the United States. However, the middle class is not sharing in the prosperity as the average United States middle-class person is only worth about $44,000. Less than half of Americans can afford to own a home. Over a third of all American workers make more than $20 per hour. This is called wealth redistribution and your children have had their economic future mortgaged through the scheme known as wealth redistribution. Where is the money going? According to the report, America has 42% of the world’s millionaires.
As bleak as the Credit Suisse Report may be, it only tells part of the story.
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