19 Signs That American Families Are Being Economically Destroyed

From Tyler Durden on Zero Hedge.com:

Even as we stand at the precipice of the next great economic crisis, we continue to make the same mistakes.  In the end, all of us are going to pay a very great price for decades of incredibly foolish decisions.  Of course a tremendous amount of damage has already been done.  The numbers that I am about to share with you are staggering.  The following are 19 signs that American families are being economically destroyed…

1. The poorest 40 percent of all Americans now spend more than 50 percent of their incomes just on food and housing.
2. For those Americans that don’t own a home, 50 percent of them spend more than a third of their incomes just on rent.
3. The price of school lunches has risen to the 3 dollar mark at many public schools across the nation.
4. McDonald’s “Dollar Menu & More” now includes items that cost as much as 5 dollars.
5. The price of ground beef has doubled since 2009.
6. In 1986, child care expenses for families with employed mothers used up 6.3 percent of all income.  Today, that figure is up to 7.2 percent.
7. Incomes fell for the bottom 80 percent of all income earners in the United States during the 12 months leading up to June 2014.
8. At this point, more than 50 percent of all American workers bring home less than $30,000 a year in wages.
9. After adjusting for inflation, median household income has fallen by nearly $5,000 since 2007.
10. According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.

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Not good at all. Thank you powers-that-be!