Sunday, March 20, 2016

Toaday's extra

37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families


5. The number of Americans living in poverty has increased by about 6 million over the past four years.


6. Median household income has fallen for four years in a row.  Overall, it has declined by more than $4000 over the past four years.


7. 62 percent of middle class Americans say that they have had to reduce household spending over the past year.


8. According to a survey conducted by the Pew Research Center, 85 percent of middle class Americans say that it is more difficult to maintain a middle class standard of living today than it was 10 years ago.


9. In the United States today, 77 percent of all Americans are living to paycheck to paycheck at least some of the time.

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11. Since January 2009, the “labor force” in the United States has increased by 827,000, but “those not in the labor force” has increased by 8,208,000.  This is how they have gotten the unemployment numbers to “come down”.


12. Sadly, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.


13. Today, about one out of every four workers in the United States brings home wages that are at or below the federal poverty level.


14. Right now, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.



23. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.


24. Total consumer debt in the United States has risen by 1700 percent since 1971.



33. In the United States today, somewhere around 100 million Americans are considered to be either “poor” or “near poor”.


34. In October 2008, 30.8 million Americans were on food stamps.  Today, 46.7 million Americans are on food stamps.

35. Approximately one-fourth of all children in the United States are enrolled in the food stamp program.


2 comments:

  1. Graph of "Employed Persons" US since the 1950:
    http://www.tradingeconomics.com/united-states/employed-persons

    ReplyDelete
  2. Yeah, Mike,

    Such bad trends--your headline "Toaday" fits the lugubrious pall, the tone of it all.

    ReplyDelete