What Happened To The American Middle Class? | Financial Crash Documentary | Business Stories financial documentary

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The financial crisis is hitting middle-class America, as families are forced onto the streets. Some say it’s the end of the American dream but for others, this is a chance to redefine what’s important.

With around 120,000 people declared bankrupt each month, many of the squeezed middle-class see the American dream slipping away.

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From “The Death Of The American Middle Class” (2008)

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26 comments

D. McDaniel 23/09/2021 - 3:31 PM

IT IS ALL PART OF THE DEMOCRAPS PLAN TO CHANGE THE WORLD WITH CHINAS HELP. FACE THIS TRUTH AND CALL FOR TREASON CHARGES NOW.

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Greg Leavitt 23/09/2021 - 3:31 PM

Wonder how the AZ vineyard's doing in 2021, with the Colorado River basically running on empty. Not wishing them bad luck but I'm thinking the banks were right for declining loans on that venture.

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Richard Speranza 23/09/2021 - 3:31 PM

Boston doesn’t have “a million inhabitants “. It’s closer to 650,000-700,000.

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Michael Rose 23/09/2021 - 3:31 PM

I don't want to seem rude, but I would be rich if I made $100k a year, and not have to worry about anything. I struggle to make due with $26k a year.

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Brenda Lancour 23/09/2021 - 3:31 PM

I live in VERMONT NORTH CLARENDON VERMONT to be EXACT I was born raised and NEVER MOVED AWAY and I am 57 years old and we sure have seen Many of our Factory based JOBS OUT OF BUSINESS!! and NEVER COMING BACK! I have seen a BAD DECLINE in our small states ECONOMY! I mean post COVID EVERYONE IS HIRING but they are NOT really good paying jobs anymore..I was raised in RUTLAND VERMONT! and now I live 2 miles SOUTH in NORTH CLARENDON for 21years,we have our share of DRUGS like every other other state but regardless of that.i do LOVE my STATE of VERMONT! we do have ALOT of good people living here and In the small town of NORTH CLARENDONi have really good neighbors.we all get along and at the same time we as all mind our own business..i am NOT a BIG CITY LIVING WOMAN! I LOVE VERMONT!!

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Ray Indra 23/09/2021 - 3:31 PM

CIRB will do it. China , india , russia and brasil are growing. It is over for the USA ? Many other European and Asian Nations are better off

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carlos garcia 23/09/2021 - 3:31 PM

Even with a million dollars you have to live on 30,000 a year or you go broke, you have to save, invest, and budget, not borrow, spend and flaunt. Its money skills

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carlos garcia 23/09/2021 - 3:31 PM

Its not how much you make, its how much you keep

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carlos garcia 23/09/2021 - 3:31 PM

Its simple, dont act rich till you actually are rich , see a lot of hairdressers and taco bell employees driving BMWs

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Juston Fletcher 23/09/2021 - 3:31 PM

do not buy a house live within your means we are heading toward the first phase of a planned collapse they will tax you out of your property

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Jeffrey Gillespie 23/09/2021 - 3:31 PM

#1 priority if you don't want to get into trouble financially is don't have KIDS! …. if you aren't sure you can afford them. Almost everyone with financial problems has a couple of kids …. or five.

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Erato IsYourMuse 23/09/2021 - 3:31 PM

Whats with the narration? This unnerves me.

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27 PayBack 23/09/2021 - 3:31 PM

In the bay area U need 2 make about 250k to live alright

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John Miller 23/09/2021 - 3:31 PM

They got suckered into voting for a democratic nightmare thats what happened to the middle class.

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UKindness4 23/09/2021 - 3:31 PM

Rich Politicians bribed by Charles Koch and Wall Street only are let at the table. From Reagan including every democrat took care of the rich only!

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R D 23/09/2021 - 3:31 PM

Is this a serious question? First the Elite and dumbasses that bought into "trickle down economics" pushed labors slice of the economic pie down over 40 years. In conjunction with that, the middle class stopped educating themselves beyond their entertainment and "fun", they know NOTHING about finance and business at all and don't try to learn and grow. Furthermore they have made TERRIBLE decisions because of this lack of knowledge. Take it all together and now you have a class of people that know more about the Kardashians then they do about the Dollar and the implications of EVERYTHING to do with finance and business, they have fallen so far that they think socialism is superior to capitalism regardless of real life/real time examples like Venezuela. Sad to say the least but they have lost the ability to think for themselves in any real sense and to learn how to become wealthy without having their hand held, they also went along with destroying unions and destroyed their own economic capabilities with that stupidity.

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tomj528 23/09/2021 - 3:31 PM

You just can't make this stuff up! The one couple makes $125k/year and can't make ends meet. "The idea that people spend more than before is a myth" as they show a family eating out. What, buying a $500k house that you can't really afford didn't work out well? Here's the truth, people spend their way into this mess and it's YEARS worth of bad financial decisions, one right after another. How on earth did the middle class dream go from a modest home 1500 sq. ft., a single base model car, eating out only a few times/year and sending the kids to an in-state college while they lived at home and worked to help cover the costs to what people think it is today with 3,000 sq. ft. mini mansions, multiple vehicles bought on credit with $800/month payments and every bell and whistle you can think of including leather seats and spoiled kids choosing worthless degrees, living in luxury and stretching out their "education" an extra year or so and all on credit once again. Oddly enough, those of us that reject this stupidity are doing extremely well…go figure!

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深作伪 23/09/2021 - 3:31 PM

😱🙏🙏✌✌✌

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Milagrina Fernandes 23/09/2021 - 3:31 PM

I think, the one sentence at 8:00 "You can feel richer, if you want less" is a great advice for all. That will make life happier.

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starscreen85 23/09/2021 - 3:31 PM

um…..tea party doesn't have a racist movement. Please keep misleading and liberal propaganda off a documentary.

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Peter Turner 23/09/2021 - 3:31 PM

Try living in your means and not 5 bedroom houses and $$ cars

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Peter Turner 23/09/2021 - 3:31 PM

Cause the US government allows our jobs to leave for cheaper labor….PROFIT

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A Ng 23/09/2021 - 3:31 PM

I feel like comparing income across countries is not comparing the same thing because in the US we have to pay more out of pocket for medical cost, bridge tolls, education, etc.

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Ashleigh Berryman 23/09/2021 - 3:31 PM

All the boomers in my family are middle class. All own houses, multiple cars, in retirement. All the Gen X/Millineals including myself are considered to be in poverty. One day at a family gathering an older family member started ranting about how our generation in the family isn’t doing ok and is lazy and my oldest cousin shut the whole thing down by reminding them that well have bachelors degrees and they don’t, and we still can only get entry level jobs YEARS after graduation. Millineals are not lazy. A bachelor ms degree might as well be a HS diploma……and my grandpa supported a family of 5 with that…..the system sucks…..

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Bubba Tv 23/09/2021 - 3:31 PM

That 1st couple from Boston making 120k but still struggling. They are living beyond their means. A couple making a combined total of 120K while living dead smack in the city of Boston with a kid is just NOT feesible. I'm from Massachusetts and everyone knows you either have to be extremely wealthy or extremely poor and living on government assistance in order to be able to live comfortably in the actual city of Boston. The rest of us live on the outskirts. I make 6 figures alone, no kids, own my own house and car, no debt, and I still wouldn't be able to afford to live in Boston. Some people just need to accept their reality for what it is and stop trying to live in a fantasy that you can't afford. There's no such thing as a middle class in America anymore.

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A. F. 23/09/2021 - 3:31 PM

Sending 5 children to college and your kids still can't take care of you? What did they do in college?

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