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It's Official: Gov Stats Shows the Middle Class is Dead

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Food                       $6,372

Housing                   $16,895        

Transportation          $7,658

Healthcare               $3,126

Clothes                    $1,725

Entertainment           $2,693              

Social Security          $4,900

Retirement, Life Ins    $227

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Education                 $950

Personal Care            $588

Tobacco                   $322

Alcohol                     $460

Charity Cash             $1,800

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Misc.                       $880

Debt Payments:         $4,652  

Savings/(Debt):        ($4,118)

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Chaz Valenza is writer and small business owner in New Jersey. He earned his MBA from New York University's Stern School of Business. His current feature film project is "Single Point Failure" an insider's account of how the Reagan Administration (more...)

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