Why Americans Feel So Poor? (2023)

The documentary Why Americans Feel So Poor? delves into the financial challenges faced by the American middle class, a group that was once synonymous with the American dream. Despite its historical significance, the middle class has been steadily shrinking since the 1970s, leading to a sense of instability and economic strain.

The film examines several critical aspects contributing to this phenomenon:

1. Wage Stagnation: Adjusted for inflation, wages have remained virtually unchanged over the past 50 years. Workers today earn only 12 cents more than they did in 1972. With inflation soaring, many Americans feel the pinch of slow wage growth. In fact, two-thirds of workers believe that inflation has outpaced any salary gains made in the past year.
2. Debt Burden: Household debt in America reached a staggering $16.15 trillion during the second quarter of 2022. Soaring inflation is likely to exacerbate this situation, with 43% of Americans expected to accumulate even more debt within the next six months. The film explores why so many Americans find themselves in debt and the impact it has on the overall economy.
3. Financial Stress: Money-related stress is pervasive in the U.S. A survey by the American Psychological Association revealed that 87% of Americans experience stress due to rising everyday expenses and inflation. Additionally, nearly two out of every five adults report that money negatively affects their mental health.

The documentary takes an in-depth look at these issues, weaving together expert opinions, personal stories, and data-driven analysis. It sheds light on the challenges faced by American workers, the erosion of financial security, and the urgent need for solutions. Through interviews, statistics, and real-life examples, “Why Americans Feel So Poor?” paints a vivid picture of the economic struggles that define the modern American experience.

The film is a wake-up call, urging viewers to consider the implications of wage stagnation, mounting debt, and financial anxiety. As the middle-class grapples with uncertainty, the documentary prompts reflection on the broader implications for society, policy, and the pursuit of the American dream.