Here are some stats which show that the capitalist ruling class now consider that having a middle class is a luxury they can do without. In America, being middle class has meant not having to live from pay cheque to pay cheque (which was regarded as the norm for the working class.) Not any more.
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% of the income growth between 2001 and 2007 went to the top 1% of all Americans.
Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
43 percent of Americans have less than $10,000 saved up for retirement.
Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
The top 10% of Americans now earn around 50% of our national income.
Read more: 22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America