Feel the SQUEEZE ?

swinnea

Middle class is dwindling in numbers. We are getting more and more like other parts of the world with the top one percent overseeing the very small middle class then a mass on the bottom of the pyramid.

All the other types of discrimination will give way to the "Class Distinction ". Tradition and other good stuff from our forefathers will be forgotten. Old value will be replaced by opportunist value.

The best generation I had known in my life span was my father's generation whom lived through WWII, Korean War and the Vietnam War. They know what could be if we don't live a clean life and most of them had to build their life with their own hands. Not the hand me down stuff. Imagine your children wishing you passed on sooner so they could get their hands on your nest egg ? From the 90's to today, just in this region there were several well publicized News of children killing the parents to try to get to the inheritance sooner.......... unthinkable in the old days.

Someone will say, the generation before you said the same thing and so on and so on....
True, but if you look further back in human history, there were darker era. low moral and starvation..... I not just saying it. My father's generation was the best in the recent history of human being.

I guess even in Japan they could say the same. The younger generation will not work s hard as their father's generation.

The new trend for the millennium is, make so money then take several years off to enjoy life, travel and do whatever they wish. Came back to work when the money runs low...... reminding me of an example of Southeast Asian native. I had known a guy whom opened a manufacturing factory in the Southeast Asia in the 80's. He told me that he had labor issue. The native were good workers and learned quickly but a few times a year they would just disappeared. Then showed up for work again when the money ran out.

Funny how things mirror from different places and time.

PIGDivot

I agreed with you !

We had made choices in life to spend more time with family and bring up our children the right way. Both my wife and I had forgone opportunities to make more money. We don;t have as much as our friends but we have our children to top everyone of theirs. We gave all we could to make sure our children have the correct attitude to be successful in whatever they like to do in life.

My Dad used to say this and I passed it on to my kids when they were in grade school and repeating, and repeating........ Do what you love and love what you do, everything else will take care of itself.
Of course be sensible, my favorite thing is to play golf but I'm not good enough to make a living golfing, then the next thing would be snacking in my Lazyboy watching my favorite show, and that's not going to work too well either....

Anyhow, Yes I also enjoy playing golf with "friends" . Sometimes I do but not always. Simply because it's easier for a single to walk on at moment's notice and be done with golf then go do something else instead hang around to socialize.

Bangoman

One of the guy I played 18 with last week told me this.

He was angry because his kids only call him when they need Daddy to pay their bills or late payment.
They seldom call or see him, except for a couple of "must get together" seasonal celebration like Thanks Giving, Birthday.... On top of that one of his son converted to eating Kosher ( they are not Jewish ), one is vegan, and his wife eats vegetable and seafood. My friend ? He eats everything and enjoys the food.

It seemed the old value for family is not being practiced. The family under one roof is there for convenience until they find a better hang out. Kids call their parents by the first names. We do know some "normal" family, but that's few and far in between.

You know, not many families cook dinner in Hong Kong for decades. I think this mainly because of the necessity having both parents working to pay the bills. Now this fashion had grown to most part of larger cities in Asia and in the last few decades , here in the States, at least in the lager metropolitan area on both coasts lines.

We insisted of home cooking whenever we could, this is the only way for kids to learn and keep a good diet. Something they would benefit for life. Besides, we save from eating out and eat better food. We do go out to eat as a family several times a month, a break from the routine is good.

garyt1957

Your are correct in the assessment of being so competitive these days. when there are more fish in the fish tank, All fish in the tank will compete for oxygen, food and space. Middle class is going to be a past tense soon, or never the same as it used to be since this current administration dug out all the savings the middle class used to have for nest egg. By using the strategy of no interest savings account and discouraging idle funds sitting in the Certificate of Deposit , by taking away or remodeling federal funding qualification.
Why ? To infuse the economy with the savings. I saw the 60 minutes program on CBS last night and for the first time realized how one person could influence the captain of the ship to steer toward the unknown. No wonder there is no interests in taking over and clean up the mess this administration caused. They kept using numbers compiled unscientifically to claim victory of reducing the unemployment rate ..... lets not be fooled by the numbers in the paper. I don;t see a better job environment around here, maybe in Washington DC they have it better.

I guess we could call us a middle class family. However, we feel we are sliding into a paycheck to paycheck family with no savings now. One of my car just turned over 140K, and the other 160K. But all paid off. The third one at 55K and still have 3 more years to payoff. Yes, they don't have engines which rate over 300 hp ( seemed to be the required number these days for even the sedan/SUV/Truck to be packed with over 300 hp ) still running. With 2 kids in higher education, we are in the crunch mode.

Haven't had a real vacation for years, but this year we might do a short trip with the oldest kid whom is going to graduate school this Autumn. Tax return might be used for this purpose, and new tires on one of the car can wait.

I know I will never match my father's generation for work ethic and uphold the moral standard. Most of them would work harder, and try their best to be a decent man. I remember my father never took a charity when we were in need of help and Mom was crying one day because she ran out of food for dinner.
He raised all 6 of us through college and I understand now why he would look at a pair of new shoes and walked away ( Mom had to get the kids to go back and purchase the shoes for him ). I'm having difficulty with just two kids.

Salute to the generations ahead of me. At least I'm doing my best to bring up my kids to be able to contribute to the society. They have good work ethic and a good direction for life.

PIGDivot

You missed the population without status in the States.
What did they say ? 25-30 million ?

PIGDivot

Surprisingly ! we have many from Europe, not just Eastern Europe but places like Ireland, Scotland, France, Germany .... and also from Scandinavia countries. Of course can't forget those from SE Asia.

Ever since our last Governor Christine Gregoire (D) openly stated that our State will not actively pursue those with illegal status, we had been flooded with those hoping to find a better life here. Now with the first position to propose higher minimum wage.......... we've open arms to everyone whom wish to have a piece of the apple pie. Nothing wrong with this but many of these don't have a realistic view of the needing to work hard even with breaks from the State. Nothing is free !

Our infrastructure is over loaded with the booming of population, roadways/bridges need repair, hospital and schools are over maximum capacity so, up the property tax to support the building of new schools and hospitals... proposed State level income tax and other special assessment.... on and on. So, in view of the changes brought on by the population boom, I really don;t believe the $15/hr minimum wage ( not even fully implemented yet ) will go far. What it does is accelerating the inflation.

PIGDivot

You have to remember this, relativity is to be considered before comparing.

In our City, Capital hill demands $2300 rent for a 400 square foot one bedroom apartment/condo. Average 2 bedroom apartment anywhere close to the metropolitan area will be over $1200.
Anyone need to shell out more than $1000 for rent, better think of getting a better job than minimum wage soon. Some entrepreneur pay "livable wage" I don;t know how much is that but it worked for the owners of Mod Pizza, which had grown so fast, they're going international soon.

Others I talked to in the retail service industry told me when the minimum hourly wage went up the manager cut their hours back and stretch the cover by using less workers for the same work load .