2010 Prediction: Collapse of the U.S. Middle-Class

The once vibrant and robust American middle-class that was the pillar of American democracy we become no longer sustainable and begin to collapse in 2010 as the number of people seeking jobs far exceeds the number of jobs available with almost 50% of the home mortgages being underwater (meaning that middle-class homeowners will owe more on their mortgage than what their house is worth). (November 29, 2009)

For more 2010 predictions (so far) and to read my other predictions for 2009, visit my website.

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s