The poor bore the brunt of the subprime and credit crisis in 2008. Today, it's the middle class's turn. The impoverishment of the American middle class is stark. In a country that has embraced liberalism as a creed, there is no safety net to speak of. For those who lose their jobs, the consequences are immediate and devastating.
Larry Dodson, 52 years old, used to lead a major customer service department. But two years ago, he lost his job and his home. Today, he lives in a motel room with his wife and two children, making just $820 a month by hosting tourists at Disney World. After paying the motel fees, he's left with only $70 for food and other necessities.
Terry was a sales director and enjoyed a comfortable life until he was laid off. He ended up moving from one motel to another in his car and was eventually deemed "economically unfit" to care for his six children. The three oldest were placed in foster care. Currently, there are 1,800 children growing up in motels around Disney World. They constantly change schools because their parents are forced to find cheaper housing.