By: Gary J Verdes
In 2010, 15.1 percent of all persons lived in poverty. The poverty rate in 2010 was the highest poverty rate since 1993. The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.The top 1 percent of U.S. households owns 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.
For 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.
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.
Americans without health insurance in 2010 rose to a 45-year high of 49.9 million persons, or 16.3 percent of the population
The truth is that the middle class in America is dying — and once it is gone it will be incredibly difficult to rebuild.
The Richest 0.1% have Launched A War On Us – It’s Time To Fight Back And Hold These 400 Billionaires Personally Responsible For Our Economic Crisis. The richest 400 Americans have as much wealth as 154 million Americans combined, that’s 50% of the entire country. If they are unwilling to put their immense power behind changing this dire situation, they too must be held personally responsible.