A new study found that 64% of Americans do not have $1000 in their bank account. The study also shows that 9% of the Americans with less than $1,000 would take out a loan, seventeen percent borrow from a friend or family member, nine percent would get a cash advance on a credit card and even twelve percent would sell or pawn their assets.
In an age of war between the super rich and everybody else its kind of hard to believe that the middle class can survive.
Does this spell the end for the middle class as we know it? Is the middle class dead?