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Broke! 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind
The following are 10 facts about the financial condition of American families that will blow your mind…..
#1 Only 58 percent of Americans have a job right now.
#2 Only 56 percent of Americans are currently covered by employer-provided health insurance.
#3 The median yearly wage in the United States is $26,261.
#4 The average American household is carrying $75,600 in debt.
#5 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
#6 At this point, American families are approximately 7.7 trillion dollars poorer than they were back in early 2007.
#7 The poorest 50% of all Americans now own just 2.5% of all the wealth in the United States.
#8 According to one study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.
#9 Today, there are more than 44 million Americans on food stamps, and nearly half of them are children.
#10 According to Newsweek, close to 20 percent of all American men between the ages of 25 and 54 do not have a job at the moment.
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http://trendsmap.com/topic/%23fuckyouwashington
Dear President Obama, Majority Leader Reid, Speaker Boner, and Minority Leader Pelosi
With all due respect – Fuck you! Fuck you! Fuck you! And, oh, by the way, fuck you!
25 Comments
Yeah, what YOU closed with.
The phucking phucks . . . ;-)
Rcc’d.
Staggering stats.
Wonder what the out of job mark is for over 54+?
Just wanted a quick hitter for the link
http://theeconomiccollapseblog.com/archives/broke-10-facts-about-the-financial-condition-of-american-families-that-will-blow-your-mind
There’s a lot more there
Hey Larue ;-)
It’s prolly in the first link
http://www.bls.gov/news.release/empsit.t01.htm
Lemme see if I can find it
Great post.
Unemployed “Men 20 years and over” it says “9.1″
But
If you look at “Employment-population ratio” it says “66.8″ working
Where are the other 33.2%?
If you like that, you’ll love these
Is America In Decline? 24 Statistics About The United States Economy That Are Almost Too Embarrassing To Admit
and this from washingtonsblog
Yastrow: “We Are on the Verge of a Great, Great Depression”
recommended!
i confess i’ve gotten way too much pleasure from sending a few of these. think i’ll go tweet a few more!
http://www.youclubvideo.com/video/132728/cee-lo-fuck-you-official-video
When the dam blows, it will blow big. No putting it back together again.
Recommended!
Suggested additional video:
http://www.youtube.com/watch?v=JkImWbg76-o
Oh, those are good tambershall and Kelly, thanks
I guess if we continued the f you theme we’d have to add Rage Against the Machine for the last chorus
http://www.youtube.com/watch?v=fkuOAY-S6OY
When you’re looking at employment, you have to look at both unemployment and employment numbers to get a better picture. Ideally you’d want to know demographic specifics as well as the type of jobs and wages as well. America’s unemployment rate is artificially lower than other highly developed countries. Comparing US and Canada’s unemployment rates, you’re supposed to add around 0.9% to America’s to see what the percentage would be equivalent to in Canada, but that’s not entirely accurate either, and the way other countries calculate theirs is different than the US and Canada. Here’s a comparison of the employment rate of different countries:
http://en.wikipedia.org/wiki/List_of_countries_by_employment_rate
That’s from 2009, and the employment rate has dropped quite a bit. If the other countries held steady, it’d put the US at #25. Of course northern Europe dominates as well as Australia, New Zealand and our northerly neighbors.
Yep, and apparently the MOTU feel that’s even too damned much because they’re coming after that 2.5% with everything they’ve got.
I wish I could snap my fingers and redistribute the wealth from those top 5% equally among the bottom 50%. It would kill two birds with one stone. It would make the poor in this country somewhat secure financially. And it would make the assholes that are responsible for this mess live a day in the shoes of the poor.
Great post.
Reccd.
Heh ;-)
I left a link on your James Galbraith thread that you might be interested in
Here’s the link
And I think this might be the money quote
Check out this video
http://www.youtube.com/watch?v=woIkIph5xcU
When my ten year old daughter overheard me reading this list to my wife, she pipes in with ” What happened to all the money in the world? Are we shooting it off into space?”
Just thought I’d share that little gem.
i love you all i hate the venal old men that run this country ,and run the world
i hate them,and i give up
Number 4 includes mortgages, and mortgages account for 73% of the $75,600 total debt. So the average family has a mortgage balance of about 57k and other debt of 18k. Ten percent of the total is for mortgages on residential property other than primary residence – that’s a vacation house or an apartment building. Twelve percent is for installment loans, probably for a car. Does all this sound terrible?
and that was in 2007.
Relative to the top .01% who make 24 million a year on average, yes.
Um…I have a little trouble believing that only 2% of the employed do not have employer-provided health insurance. Where did those stats originally come from?
I’ve never had a job that provided health insurance. I’ve only known a few people with jobs that provided affordable health insurance. It doesn’t surprise me at all.
That’s exactly why I’m questioning the numbers cited. If 58% of Americans have jobs, and 56% of Americans have employer-provided health insurance, then only 2% of Americans have a job and do not have employer-provided health insurance. That number doesn’t feel right, given the large number of people I personally know who are both employed and lacking health insurance.
Well after we get done venting here it will be time to run every single one of these moron’s out on a rail. Remember the old “tar and feather” routine. I’ll second the FU, 3rd, 4th, 5th, 6th & 7th it.
Well I assume the 58% number is somewhat worthless as a guide, people between the age of 0-17 are usually jobless, as are many of the people between 65+, and we really don’t want these people to have to be employed. That’s why employment statistics that look at the whole population from 0-108, are somewhat silly. 24% of the population is below 18 and most of these are unemployed, people over 65 are 13% of the population and also most are unemployed.
Now many of those unemployed under 18 kids are covered by their parents work insurance, and some over 65+ have supplemental Medicare insurance from their former employer as part of their pensions. So now you can see how 58% can have jobs yet 56% are insured by employers
Shadowstalker July 27th, 2011 at 12:56 am «
The links are easier to see at the original post
http://theeconomiccollapseblog.com/archives/broke-10-facts-about-the-financial-condition-of-american-families-that-will-blow-your-mind
The 58% is here
http://www.bls.gov/news.release/empsit.t01.htm
The 56% is here
http://www.census.gov/hhes/www/cpstables/032010/health/h01_001.htm