Middle Class USA is Disappearing

Not only is the Middle Class in the USA disappearing, but it is evaporating in Canada and most First World nations.  Contrary to the pontifications of Ann Coulter, Rush Limbaugh, Glenn Beck and other GOP far-rightist demagogues, evidence shows that the USA is more and more becoming a land of the rich, with the poor working harder and longer for less.  As Michael Snyder in The Business Insider noted in his article posted on July 15, 2010:

•    83 percent of all U.S. stocks are in the hands of 1 percent of the people.
•    61 percent of Americans “always or usually” live paycheck to paycheck,
which was up from 49 percent in 2008 and 43 percent in 2007.
•    66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
•    36 percent of Americans say that they don’t contribute anything to retirement savings.
•    A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
•    24 percent of American workers say that they have postponed their planned retirement age in the past year.
•    Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
•    Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
•    For the first time in U.S. history,