Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By John Rolls (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

When The Financial Clock Strikes Zero – Half Of Americans Pass Away With Nearly Zero Wealth. The Middle Class Has Contracted By Ten Percent In The Last 40 Years.

Sunday, September 2, 2012 12:01

% of readers think this story is Fact. Add your two cents.

My Budget 360

A recent study demonstrates the precarious financial position many Americans find their lives in. The National Bureau of Economic Research found that nearly half of Americans pass away penniless. The exact figures were sobering stating that many of these Americans end up with no financial assets including home wealth and typically rely heavily on Social Security. This study points out a couple of important items regarding the state of the economy for many families. Many simply cannot save and end up relying on external funding. The system is witnessing heavy strain on these sources at a time when government spending is off the charts for bailouts and other targeted spending. Yet the typical American is still ending up in a financially precarious state. In the last four decades the middle class has contracted by ten percent. What does it say about the economy when half of the inhabitants of the wealthiest country pass away with almost no wealth?

continue at My Budget 360:

http://www.mybudget360.com/financial-clock-strikes-zero-half-of-americans-die-broke-middle-class-falling/

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Total 1 comment

truthseekerinmo

Most Americans have 401k accounts tied to the derivatives market, and
that market is a bubble poised to burst. Not to mention the banks are
still doing business exactly the way they did before the near collapse in
2008. How can you keep doing the dame things yet expect a different
outcome? This year the debt ceiling has to be raised and it’s at or near
16 trillion. That’s just to pay for debt that’s due now. China’s economy
may be sliding and we depend on them to finance our debt. The Euro
zone is still on the edge too. We have people in Congress that have no intention
of doing anything to make this economy better because that would be
helping a President they have sworn to destroy. Romney and Ryan are
planning on austerity measures for the poor and middle class and better
times for the rich. They have no plan for an economy that might crash
right around the election or shortly after and don’t believe in stimulus or
bailouts. So, my advice is to get ready for hard times, either way.

Sep 5, 2012, 11:44 am 0 Reply

Online:
Visits:	1,604,619,200
Stories:	8,134,587