Can the Middle Cl[censored] Avoid Extinction?

Often described as the "meat" of this country, the middle cl[censored] is quickly dwindling into nothingness. Who are the middle class, and why are they so important? Middle classed Americans fall below the upper class, and above the lower class, but what does that mean exactly? Lower cl[censored] Americans fall below the poverty line, which is currently at $22,314 a year for a family of four or $11,139 for individuals. Those who are deemed "rich" have households earning $1 million or more. The middle cl[censored] is often divided into two sub-classes, the upper middle cl[censored] and the lower middle class.
The upper middle cl[censored] is comprised of highly educated, managers, and salaried professionals. The lower middle cl[censored] consists of skilled craftsmen, lower level management, and semi-professionals. The middle cl[censored] is often described as the working class. They are those individuals who comprise most industries. With unemployment high and stagnated, the middle cl[censored] is in trouble. More importantly, it's the upper middle cl[censored] that's really in trouble. When the recession first hit, many major companies laid off workers. A large percentage of those workers were CEOs, VPs, and other highly educated professionals. Laying these high salaried workers off meant fiscal relief. Once laid off, these upper middle cl[censored] families were down grated to lower middle classed.
Why is the loss of a middle cl[censored] important? Well if you're not rich, you definitely don't want to be poor. Plain and simple. America has always been a working cl[censored] country. The American dream is all about working hard to achieve success. With unemployment at 9.1%, job growth at zero, and a double dip recession looming, the American dream is becoming ever more unattainable. Many Americans consider themselves upper middle classed, but with only 15% of the country falling into this category, they more than likely fall into the lower middle class.
Income for the middle cl[censored] has experienced very little change over the past 20 years, while the richest 5% experienced an increase of 42% in income. Sixty percent of the lower cl[censored] saw their incomes drop last year, further distinguishing the gap between rich and poor. Factor high prices into this equation, and you can say goodbye to being in the middle. Household needs include gas, petrol, electricity, and food, all of which have seen an increase in price.


It is no wonder why an increasing amount of middle classed Americans are turning to online payday loans. "This is Money" is a top financial website. They claim that 57% of online payday loans come from Americans earning above the national average wage. With maxed out credit cards, little credit or bad credit, online payday loans are a convenient way to cover expenses until payday. Interest rates are high on cash loans, but many Americans are left without options. An online cash advance is 100% online, so the consumer never has to come face to face with a lender. This helps remove some of the stigma associated with being short on funds before payday. The application is completely safe and secure, and the loan is approved instantly. The easy and quick process is a major contributing factor to online payday loan po[censored] rity. With the economy at the state it's at, online payday loans aren't just for the lower cl[censored] anymore.