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The Death Of The American Middle Class

The End Of The American Dream (2011): With around 120,000 people declared bankrupt each month, many of the squeezed middle-class see the American dream slipping away. Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_c... For similar stories, see our Economy in Crisis playlist:    • Плейлист   How The American Dream Went Wrong in Detroit    • How The American Dream Went Wrong in ...   Michael Bloomberg Really Believes In The American Dream (2001)    • A Look Back At Bloomberg's Bid for NY...   Like us on Facebook:   / journeymanpictures   Follow us on Twitter:   / journeymanvod     / journeymannews   Follow us on Instagram:   / journeymanpictures   "Our national myth is changing", explains author and journalist Thomas Hartmann. Whereas hard work was once seen as the route to prosperity in the US, nowadays the best most people can hope for is a lottery win. Three generations of farmers in Vermont ring the changes of the past fifty years. Doug Lyford remembers that his parents never argued about money: "There were five of us and we all went to college. No farmer could afford that any more". Disenchanted with the mainstream politicians, who have not done enough to help them, many are turning to the traditionalist Tea Party. For others, such as bicycle shop manager Anthony Laskaris, hard times are only to be expected: "this is the effect of globalisation: our living standards go down a little, so that others' can rise". For downloads and more information visit: http://www.journeyman.tv/film/5195/th... ORF – Ref.5195 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.