How do you associate with the concept of American Middle Class?

Day 64

First Presidential Debate 2012

Watching the Presidential debate between President Barack Obama and Republican candidate Mitt Romney, one of the primary agenda of the debate was focused around the “Middle Class Family.” The debate evolved with topics like the taxes affecting the Middle Class family, high rate of unemployment that distress the “Middle Class Family,” etc. In this indecisive economy times, do you think the Middle Class is the new poor Class Family.

So here is my question: How do you associate with the concept of American Middle Class?

The middle class constituted the most American population. In a recent survey studies published in the Los Angeles Times, the American Middle Class have decreased from 67 percent of the population to 51 percent of the population. What happened to the 16 percent of the population? Do you think the unemployment rate shifted the 16 percent to the new poor American class that requires Medicaid for health and food stamps?

The middle class salary incorporated from 39,000 dollars to 118,000 dollars but with duel employers in the household, the median salary range was approximately 74,000 dollars. But the new shift in the American Middle Class dropped the median to approximately 69,000. But in true terms, with this high unemployment rate do you think that all the members in the household are currently working? What is the pressure on the single parents in raising their children? What are the opportunities for the young adults who are fresh graduates and new in the job market?

With the depleting Middle Class what will outcomes of the tax brackets? Will the country face an additional credit crunch because of the eroding American Middle Class? Do you think the demand for national health programs, and national affiliations for the poor will be on a rise?

“An age dedicated selfless for my family rather than myself, a middle class scripture”

~Lenji Jacob

Reference: 

1. Trounson, R., & Times, L. A. (2012, August 23). Eroding middle class falls to 51%, survey finds - Los Angeles Times. Featured Articles From The Los Angeles Times. Retrieved October 4, 2012, from http://articles.latimes.com/2012/aug/23/local/la-me-0823-middle-class-20120823  
2. Picture: http://www.topnewstoday.org/i5/0/90/56/img_3456900.jpg