16 Amazing Facts on the Middle Class Squeeze

Editor's note: The last three years have decimated the middle class, leaving behind a trail of foreclosures, joblessness and devastated wealth. To illustrate the range of suffering, Michael Snyder, editor of editor of The Economic Collapse blog, assembled a collection of statistics that paint a full picture of the crisis.

The figures below measure both the impact of the recession and the aftermath. For example, not only did household wealth decline 25% during the recession, but also foreclosures and bankruptcies have continued to steamroll average families even as the economy has grown for more than a year.

As you read this, millions of parents across the country are trying to explain to their children why their homes are being taken away. Even more are waiting to hear from hundreds of resumes sent into an economy that's barely producing jobs. Many cities are dealing with housing vacancies and unemployment not seen in decades.

The average American family is under more economic stress right now than at any other time since the Great Depression. Here are 16 statistics that explain how and why.


>

Presented by

Michael Snyder is the editor of theeconomiccollapseblog.com.

How a Psychedelic Masterpiece Is Made

A short documentary about Bruce Riley, an artist who paints abstract wonders with poured resin

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

How a Psychedelic Masterpiece Is Made

A short documentary about Bruce Riley, an artist who paints abstract wonders with poured resin

Videos

Why Is Google Making Skin?

Hidden away on Google’s campus, doctors are changing the way people think about health.

Video

How to Build a Tornado

A Canadian inventor believes his tornado machine could solve the world's energy crisis.

Video

A New York City Minute, Frozen in Time

This short film takes you on a whirling tour of the Big Apple

Video

What Happened to the Milky Way?

Light pollution has taken away our ability to see the stars. Can we save the night sky?

More in Business

Just In