Or you can continue with us talking about americas middle class, hearing different stories from people around the country. Ellicott city, maryland. Good morning. Caller good morning. Issue with the definition of middleclass. Different in is different states of the country. Host do you consider yourself middleclass, ahmed . Caller with the current definitions, yes i am. But another essays have, in the past few years and longer than that that of show that when we have economic downturn, many up ourwho lined middleclass. They are prone to Health Problems. When a Health Problem takes place, they became very poor. There are not many assets for these individuals in most cases and they do not have the cushion to absorb any of the crises. He talked to a woman earlier who andd on Social Security rented a place, but she said that was all she had. If she does not have the rental money, she is not able to survive. This. E to look into it. Ust got to revisit the American People are distribution the
It starts back to when the father of wyatt earp, most wellknown, his name is nicholas. He was basically left his family. Emporarily in illinois he heard about the gold rush in northern california. He went back to the midwest. He ventured down to southern california. And he got for the San Bernardino valley. He found that one day he would come back to San Bernardino. We will visit the San Bernardino history and Railroad Museum and talk about the importance of the railroad to San Bernardino with the historian Vice President. Located in the 1918 santa fe depot, the museum contains many objects related to the railroad history. Construction was completed in 1918. It replaced a wooden structure approximately 100 yards east of here that burned in 1960. Why the depot was built a lot larger than needed was because they decided to house the Division Headquarters at this location at that time. Watch the cities tour on cspan 2. Working with the cable affiliates and visiting cities across the count
Responsibility to support a quality of opportunity. Americans very much believe there is a role for government to play in helping everyone move up the economic ladder, especially people who are working hard and playing by the rules and doing all the right things. Europe usewestern the term middleclass . I dont know that it is as critical a part of their discussion as it is for ours. I would like to take something from that wonderful question from the caller. It is true that in these technician, or decline of the american middle class over the last corner century has coincided with a massive rise of poverty for millions of people around the world and that the opening of Global Markets and advancement of technology has absolutely helped, and the liberalization of economies in china, we have far fewer poor people in the world today than we did a quartercentury ago. That is amazing and something everyone should celebrate. It is not true that that is a necessary tradeoff. There is no reason
Is with the middle class laid bare, with a more precarious position than we realized in the early 2000s. Theye lost a lot of what had. Middleclass Home Ownership was down after the recension recession. Business ownership was down. Middleclass incomes fell not just in the recession, but in the recovery. It only stabilized in the last couple of years since then. They maybe going up again, finally. Be going up again, finally. When we think about the frustrations they are feeling now, it is not just because the recovery and recession were bad. Things were pretty bad before that. A pretty terrible economic decade for most americans and we did not realize that as much because they were spending money they did not have and now they have to pay it back and stop borrowing until we see a situation where it debt frustrations are boiling over. Host were talking about american middle class, the numbers are on the bottom of the screen. You can also participate on social media. Mike is in chicago. We
Never forget. She said, mr. Davis. We live in america. I know, they have the classes, the rich, middleclass, and poor. She says the way things are going, youre going to look up one day and there is still going to be the rich, but there is only going to be the poor and the puddle. I chuckled. What are you talking about . She said you heard me. They are the people who wait for something in the mail to save them for another month before our the folks who used to be in the middle class but now, it is a rat race. One fork in the road and you are in a ditch. The rich, she says the rich, they have money. They can hang in and hold on. That is how i feel it has transpired for me. I was doing quite well in aerospace. We all know how that ended in california. I bought my first house at 23 years old and that is the only thing that is saving me. Living in inglewood, you hear about this Football Team moving back. That is what im went to get by on. I will sell my real estate when it spikes. I have go