Economy, Income, Home Prices…

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You know me…I get into facts and statistics…coz they show not just where we’ve been…but where we are headed. Is the USA is failing, falling, and the rich are getting way richer and the middle class is disappearing? What does that all mean? Will the USA fall (well, continue to fall) and we will become just another fallen empire…or will a revolution take place? And if that happens, will that leave all of us far worse off than just a fallen empire?

What do I base my responses on? The very facts/evidence/stats I’ve been showing you for years…statistics and facts and evidence.

First, let’s look at household income chart. It shows a 35% income increase for a household from the early 1970’s to 2023.

Now, check out this chart…

Let’s look a little more closely:

  • The percentage of men as the sole household breadwinner dropped 45% in that same time period, early 70’s to today.
  • The percentage of dual income (husband & wife) as breadwinners increased by 40%
  • And look at the saddest part…The number of households where women were the sole breadwinner increased by a whopping 250%

That is called the destruction of the family by forcing both parents out of the home for $’s. And then what happened to all those children that were turned over to strangers and the government?

The #1 purchase in terms of cost for the average American family is a home. Let’s look at that chart.

Yeah, look real close…the average house price from 1970 to now is up 1800%. Yup, you read that right…homes are now 18 times more expensive!

So, home prices are up 1800% while income is only up 35% for roughly the same time period. Ah, what?

Now let’s look at this chart…

The average US household is now saving 66% less money than they did in 1970. Do you wonder why? Maybe a correlation between the increase in the price of homes vs lagging increase in wages?

Then check this devastating chart out…

The US household debt is up 5500%!!! Combined household debt in 1970 was under ½ trillion $’s. In 2025 it hit nearly 19trillion $’s.

And to make it worse…in 1970 the average household debt-to-income ratio was 60%, it nearly doubled by 2020.

I’ve been telling you for years that the American Empire has fallen. That economically, the US is a wreck, a disaster. And it is true…we started seriously crashing in the early 1970’s and it has been downhill ever since.

What do I think about the actual numbers, the facts, the statistics? For the last 55 years:

  • The average US income growth is pathetic at best.
  • The price to buy a home to raise a family in…well, it has skyrocketed!!
  • The price of homes grew 900% faster than income.
  • Family savings has plummeted.
  • Family debt is up to almost unimaginable levels…faster than home prices by double that amount.
  • And the USA is now to the point it can never pay off its national debt…ever.

The societal impact has been horrific! To put numbers to that impact doesn’t do it justice. Just looking at the numbers, FAR more women are working outside the home than in the early 70’s leaving children to be raised by strangers and the government. That has led to an increase in alcoholism, crime, drug usage, abortions, prison incarcerations, abortions, and domestic abuse…just about every evil of society is up.

So who wins…if anybody…or does everyone lose?

Let me throw this out there for you:

  • In 1970 the average home cost $27,000, average 30-year mortgage rate was about 7.75%, that would be about $2,100 in interest paid to the bank.
  • In 2025 the average home cost $420,000, average 30-year mortgage rate was about 6.8%, that would be about $28,600 in interest paid to the bank.

So…lenders/banks have income that is now 13.6 times greater in 2025 than in 1970. And during that same time period personal income is only fraction larger…yeah. And that is just on homes!

Think about this…in 1970 credit cards were almost non-existent…total US credit card debt was approximately…oh, wait…well under $1billion. Today credit card debt in the USA is just over $1.3trillion. Do the math…credit card debt in the US is 1500 times in 2025 what it was in 1970. But hang on…it gets worse:

  • In 1970 the average credit card interest rate was 17.1%. That means if people only paid the interest on their credit card balance it would be about $153million in interest paid to banks.
  • In 2025 the average credit card interest rate is 25.32%. If people paid only the interest on the credit card balance…that is $330billion per year in interest alone paid to banks.

Yeah, in 2025 hard-working US citizens paid 2200 times more interest to banks! Just interest on credit cards!

$330BILLION…

THAT’S $1,000 FOR EVERY MAN, WOMAN, CHILD, AND INFANT LIVING IN THE USA!!!

Moving on to our beloved federal government…here’s something…

  • 1970 US national debt was $.371trillion ($371billion)
  • 2025 US national debt is over $38trillion.
  • US national debt grew more than 100 times from 1970 – 2025.

Here is a fact/stat that you have to remember for a minute:

  • In 1970 the interest paid by the US on its national debt was $24billion.
  • In 2024 the interest paid by the US on its national debt was over $1trillion.
  • 43 times more interest paid on US national debt from 1970 – 2024.

Now, understand this…who gets paid that interest?

  • About 15% goes to other counties’ central banks (their Federal Reserve equivalents, private banks).
  • About 15% to the Federal Reserve (US private banks).

So add that up…30% is paid to banks around the world. $330,000,000,000!!! ($330billion per year of taxpayer dollars to private banks).

So who really wins in all of this?

Ah, easy one that is…banks! The same banks that are loaning the money for people to buy homes at ever increasing historically high amounts. The same banks that are receiving HUGE amounts of money from credit card interest. The same banks that are forcing families to have both parents working to buy homes, pay credit cards, and pay taxes that they can’t afford.

So who are the real losers…if any?

Well, the chart below shows the upper-income folks are enjoying a very nice increase in their income while lower income folks dropping slightly, and the middle income is dropping like a rock in a shallow pond. Oh, hang on…who owns the banks?

Oh, in 1970 the top 1.5% of income earners made 15% of all income in the USA. By 2020 the top 1.5% of income earners made 50% of all income. Huh?

Let me throw one more set of numbers at you…

  • In 1970 the richest 5% of US citizens owned about 22% of all the wealth in the USA, the bottom 90% of US citizens owned about 73%.
  • In 2025 the richest 5% of US citizens owned about 66% of all the wealth in the USA, the bottom 90% of US citizens owned about 30%.

Oooooppppppssssss…the wealth is clearly moving from the average person to the top 5% of richest people in the US. And who owns the banks??? Ah, yeah…the wealthy folks…the top 5%.

The top 25 US banks are:

Together they control about $23trillion. Yeah, $23,000,000,000,000. The average CEO paycheck of the top 20 banks was over $20million per year. Interestingly, the average bank teller makes $40,000 per year…2/10ths of 1%) of those CEOs’ salary. Huh…interesting, eh?

Summary –
  • US middle class is disappearing
  • The US rich are getting richer
  • US ultra-rich are getting hugely rich…more than you can imagine
  • US lower and middle classes are getting more and more poor
  • US home prices are abhorrently expensive, far out of the reach of most young families today
  • More and more families have two income earners sending their kids off to be raised by strangers/government
  • US household savings is plummeting
  • US household debt is skyrocketing
  • US national debt is growing like an out-of-control wildfire
  • US & Foreign banks are making insane amounts of money off US citizens, making the banks rich richer…almost beyond comprehension

So there are clear winners and losers…anyone can see that…even a blind man as the saying goes. The evidence, the facts, the statistics are there…plain as day.

But what does that all mean?

Ah, how long will the average person put up with this? How about, how long will the lower income class folks put up with it? How long will the bottom 90% of US citizens willingly line the pockets of the rich? And what will happen when normal people are just fed up with it all?

Well, one only has to look at history. EVERY single empire that has ever existed has fallen. And they have all fallen essentially due to economics. And look at what happens as they fall…violence, war (sometimes world wars), and destitute and devastated populations. And what happens after the fall? In every case look how they end up…it ain’t good.

Yeah, I have no idea when it will happen…but I hope you are preparing for the certainty it will. If not, what do you think happens to your family?

Articles in this Series –
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