Introduction:This is a list of those who are now being affected by the down sliding of the present economy, but will be even more affected when the bottom falls out of the United States financial economy.
When an economic collapse occurs you would not think the top CEO, supervisors, presidents of companies would be the hardest hit, but they will be. These people are used to spending without thinking about where the next dollar will come from. There seems to be more where that came from since these top earners know where it comes from. The first sign of money terrors could bring these top people to curtail business as usual. They will stop hiring, limit the hours for employees and even lay off , fire or move key employees down the ladder too. The paycheck they get will often times never be different since they know they are the boss. In time the business will fail because it is the workers that hold a business together.
People who go Christmas shopping for others and determine to buy themselves a gift will not know what hit them when the economy dives even more than now. Spenders empty out their pockets, charge and then think, not the other way around. The spenders don't have to scrimp or watch the income and balance it with an outgo. Spenders don't know the word budget and if they do know that word they do not practicing budgeting or watching how money is spent on a routine basis. These are the people in the grocery store who don't make lists and just put things in the basket like they want that item and they don't need them. This group might not even be aware of Obama taxing their stocks from a 14% now to a record over 40% in the next year (2013) if Obama does not renew the present rate these stocks are taxed.
Obama mentions the class of people earning under $250,000 a year as the beginning of the middle class. Whether you agree with him or not, the people above that figure will be affected severely when the economic decline drops even further. These are the upper class of people in the financial circle. Right now the people making over $250,000 a year have just made minor adjustments and keep living as usual. Those people will get a clunk in the head when things change further in the U.S. The adjustments might be stopping the extravagances they should have stopped a year or more ago, but could not bring themselves to limit their lives much.
There is a difference between people that don't know what is going on in the economic spectrum. Those people will be informed by someone someday that things are bad and have been for some time. The dreamers keep their head in the sand, don't get informed and think everything will have a happy ending. That is until they wake up to find they have been hit hard; Very hard with the economic downturn. The unknowing bunch will wonder when this economic crisis all took place, because they were sometimes not going to work and played hooky to just have a day off when they wanted it. They were not saving for days like they will live to struggle through now.
Now we are talking about people who pay their bills, feed their families and shop at bargain stores for clothes and who seem to be doing alright on the surface. If something unexpected comes up, these middle class people stumble and don't stay down for long. The present economic down turn has hit them in the sore spot, but they are still treading. This middle class is a huge population in the United States. Any one single person who is making over $1,000 a month is considered middle class. Don't add a thousand per person to find out if you are reaching upper class income, because you will still feel the pain of the falling economy if you are anywhere near the middle class category.
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