Skip to main content

View Diary: The "Fiscal Cliff" and the Coming Retirement Crisis of the Middle Class (90 comments)

Comment Preferences

  •  Makes sense. The other thing is there are (7+ / 0-)

    a tremendous amount of people who are working low wage and/or minimum wage jobs, and/or 2-3 of these jobs just to try and make ends meet. Yet those same jobs don't provide retirement pensions, medical benefits, etc.  So I don't know the number, but I suspect the percentage is quite high of folks who are "employed" but not doing anything that will ever bring them any real financial security/stability much less any sort of retirement or savings possibilities. So that needs to be taken into consideration as well when we talk about tinkering with Medicare and SS.  

    It hurts out there for A LOT of people. My hubby has a very small business selling art work. His public are middle class for the most part, with some working and upper classes thrown in. He is doing the same shows with the same products now as 6 years ago but making about 50% less money. The body count at these Home and Garden shows has simply dropped enormously, and the folks who do still attend don't have the discretionary income they used to have. We feel it first hand what is going on with the middle class and it's real, and it's very deleterious for individuals and small business owners like ourselves.

    Ugghhh..... so much that could be done that could be so beneficial to the many, but the 1% and their puppets in D.C. won't let that sort of legislation thru. Very frustrating.  

    Corporations before people.... it's the American way!

    by Lucy2009 on Thu Jan 03, 2013 at 11:03:03 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site