Economic Life in 2007 in America, the actual dollar statistics.
THESE ARE HORRIBLE STATISTICS but today they're twice as bad!
* 83 percent of all U.S. stocks are in the hands of 1 percent of the
* 61 percent of Americans "always or usually" live paycheck to
paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
* 66 percent of the income growth between 2001 and 2007 went to the
top 1% of all Americans.
* 36 percent of Americans say that they don't contribute anything to
* A staggering 43 percent of Americans have less than $10,000 saved
up for retirement.
* 24 percent of American workers say that they have postponed their
planned retirement age in the past year.
* Only the top 5 percent of U.S. households have earned enough
additional income to match the rise in housing costs since 1975.
* For the first time in U.S. history, banks own a greater share of
residential housing net worth in the United States than all individual Americans put together.
* In 1950, the ratio of the average executive's paycheck to the
average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between
300 to 500 to one.
* As of 2007, the bottom 80 percent of American households held about
7% of the liquid financial assets.
* The bottom 50 percent of income earners in the United States now
collectively own less than 1 percent of the nation?s wealth.
* Average Wall Street bonuses for 2009 were up 17 percent when
compared with 2008. The brand new BANK CZAR said he'd let
them slide on payback to GOV, none would be expected. July 2010.
* In the United States, the average federal worker now earns 60% MORE
than the average worker in the private sector.
* The top 1 percent of U.S. households own nearly twice as much of
America's corporate wealth as they did just 15 years ago.
* In America today, the average time needed to find a job has risen
to a record 35.2 weeks.
* More than 40 percent of Americans who actually are employed are now
working in service jobs, which are often very low paying.
* or the first time in U.S. history, more than 40 million Americans
are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43
million Americans in 2011.
* This is what American workers now must compete against: in China a
garment worker makes approximately 86 cents an hour and in Cambodia a garment worker
makes approximately 22 cents an hour.
* Approximately 21 percent of all children in the United States are
living below the poverty line in 2010 - the highest rate in 20 years.
* Despite the financial crisis, the number of millionaires in the
United States rose a whopping 16 percent to 7.8 million in 2009.
* The top 10 percent of Americans now earn around 50 percent of our
national income. Until we stand up and fight and stop paying for convenience and start
choking big banks and big business along with taking our government back, we don't have a
snowball's chance of survival.
UPDATE: * Over 1.4 million Americans filed for personal bankruptcy in 2009,
which represented a 32 percent increase over 2008.
<==BACK TO "GUERILLA CAPITALISM" THE FIX FOR WHAT AILS US!