I have been posting here about the demise of the middle class and although many of the affected households are in fact of "white" decent as myself, it has hit everyone in this "under 75,000" household income range. Here is another article documenting exactly what I have been stating here. Is it really "politics" or just fact sharing?
You can paste my header for the whole column but hers are the highlights backing up my claims and concerns. And how does it pertain to this thread? Well have you seen the 200 point in the Dow? It affects all stockholders worldwide because the US and China are 1 and 2 when it comes to investing and although we have come back into favor as the number 1 place to invest in 2014, I think we headed for a sizable correction due to the new costs choking the American public brought upon by the Affordable Care Act and other related issues that will arise in 2014.
" While upper income households reported improved confidence, households with incomes less than $75,000 (45,551.17 pounds) reported a decrease."
"Prospects for either consumers' own personal finances or for the economy as a whole have remained more resistant to improvement, especially longer term prospects," survey director Richard Curtin wrote in a statement."
This is not a political view, just statistics and facts. We are headed the wrong way, the beautiful horizon hides a steep cliff, keep some dry powder ready.