The American Dream
March 18, 2011
#1 Last month food prices in the United States rose at the fastest rate in 36 years.
#2 The average price of a gallon of gasoline in the United States is now $3.55. That represents an increase of 42 cents a gallon in just one month.
#3 According to the Oil Price Information Service, U.S. drivers spent an average of $347 on gasoline during the month of February, which was 30 percent more than a year earlier.
#4 According to the U.S. Energy Department, the average U.S. household will spend approximately $700 more on gasoline in 2011 than it did during 2010.
#5 According to the U.S. Labor Department, the cost of living in the United States is higher than it ever has been before. The “Chained Consumer Price Index” hit a new all-time high during the month of February.
#6 During this most recent economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.
#7 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.
#8 For most middle class American families, their homes are their most valuable financial assets. Since the real estate peak, U.S. home values have fallen by a staggering 6.3 trillion dollars.