Fifty-One Percent Of Millennials Have $1,000 or Less in Savings

[Palumboism]

The once-strong middle class no longer dominates America.

by Tami Luhby December 9, 2015
Middle class Americans now comprise less than half, or 49.9%, of the nation's population, down from 61% in 1971, according to a new Pew Research Center report. For Pew, middle class Americans live in households earning between two-thirds to two times the nation's median income. In 2014, that ranged from $41,900 to $125,600 for a three-person household.







http://money.cnn.com/2015/12/09/news/economy/middle-class/

[Kazan]

So America is failing them? Couldn't be there own fault could  the constant raising of goods and the value of money going down has taken its toll on Americans. For instance I use to grocery shop for my self for $100 ...now its 140-150. X's that for a large family..pay utilities..which have raised..house payment and you will have nothing left

Geez I must be a financial genius, I have managed to be debt free by 45

[kh300]

People are just getting worse and worse with money. Today everyone needs a cell phone and cable/internet. There $300 a month. Plus were bombarded with advertisements,social media,tv,internet telling us to keep up. Advertisers spend billions to keep us unhappy and having to go buy the next thing and today its all over us 24/7. Just google a product and then it shows up on your phone, in your email, every website. No wonder nobody has money. Very few are good with their money, thats why I think the gap is growing.