The Middle Class Is Being Destroyed: Now Only 25 Percent Of All Americans Have $10,000 Or More In Savings

Michael Snyder ECONOMY, FAMILY, FEATURED ARTICLES, SUPPORT A FREE USA!, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

By Michael Snyder We just got more evidence that the middle class is being systematically eviscerated. According to a GOBankingRates survey that was just released, more than half the country has less than $1,000 in savings. So in the event of a major economic disaster of some kind, over 50 percent of the nation is going to be completely out of cash almost immediately. For years I have been writing about the steady decline of the middle …