THE ENGINE OF AMERICA’S ECONOMY IS EVAPORATING …
Don’t believe us? Check out this frightening interactive map showing the deterioration of the American middle class from 2000-2013 – a.k.a. the era of big government “bipartisanship.”
Using data compiled by Stateline, the map shows that “in all 50 states, the percentage of ‘middle-class’ households – those making between 67 percent and 200 percent of the state’s median income – shrunk between 2000 and 2013.”
That’s right: The middle class shrunk in every single state.
Not only that, it shrunk even as inflation-adjusted median incomes were shrinking … meaning it shrunk while the bar for middle class participation was constantly being lowered.
In our home state of South Carolina, the middle class shrank from 50 percent of households in 2000 to 45.8 percent in 2013 – a 4.2 percent decline. During that time inflation-adjusted income declined from $51,099 to $44,163 – a 13.6 percent decline.
And as South Carolina’s middle class falls further behind America’s middle class – America’s middle class falls further behind the rest of the world.