by Michael Snyder
The Economic Collapse Blog
Little by little, our standard of living has been eroding. A couple decades ago, we had the largest and most prosperous middle class in the history of the world, but now most of the country is struggling. At this point, fast food is considered to be a “luxury”, 11 million children are living in poverty, and thousands of stores are permanently shutting down all over the United States because consumers have so little discretionary income these days. We are in the midst of a historic cost of living crisis, and those at the bottom of the economic food chain are being hit the hardest.
The ultra-wealthy don’t really care that food costs have been soaring, but for those that are barely scraping by from month to month it makes an enormous difference.
Once upon a time, fast food restaurants were where those that were struggling went to eat.