DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - It is mostly the upper-upper class who are benefiting from the new Global Depression

**FotoCihasWewb** · 10-30-2010, 03:40 PM

It is mostly the upper-upper class who are benefiting from the new Global Depression and current financial crisis.

#1 Half of all American workers now earn $505 or less per week.
#2 In 2009, total wages, median wages, and average wages all declined in the United States.
#3 The only group that saw their household incomes increase in 2009 was those making $180,000 or more.
#4 According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010.
#5 In 2009, the median annual wage for a U.S. worker was just $26,261
.#6 In the United States today, 317,000 waiters and waitresses have college degrees.
#7 In 2009, the 74 Americans that earned over 50 million dollars combined to bring in as much as the 19 million lowest paid Americans combined.
#8 According to Harvard Magazine, 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.
#9 Total student loan debt in the United States is climbing at a rate of approximately $2,853.88 per second.
#10 1.41 million Americans filed for personal bankruptcy in 2009 – a 32 percent increase over 2008.
#11 In 1976, the top 1 percent of earners in the United States took in 8.9 percent of all income. By 2007, that number had risen to 23.5 percent.
#12 According to a poll taken in 2009, 61 percent of Americans "always or usually" live paycheck to paycheck. That was up significantly from 49 percent in 2008 and 43 percent in 2007.
#13 New York state Comptroller Thomas DiNapoli says that Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
#14 One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.
#15 The number of Americans enrolled in the food stamp program passed the 41 million mark for the first time ever in June.
#16 The number of Americans in the food stamp program increased a staggering 55 percent from December 2007 to June 2010.
#17 Over 50 million Americans are on now Medicaid. That figure is up more than 17 percent since the beginning of the economic downturn.
#18 Only the top 5 percent of all U.S. households have earned enough additional income to match the rise in housing costs since 1975.
#19 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job.
#20 A recent Pew Research survey found that 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the economic downturn began.
#21 The number of Americans working part-time jobs "for economic reasons" is now the highest it has been in at least five decades.
#22 The bottom 40 percent of all income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

Point, please.

10-30-2010, 03:40 PM	#4
FotoCihasWewb Join Date Oct 2005 Posts 374 Senior Member	It is mostly the upper-upper class who are benefiting from the new Global Depression and current financial crisis. #1 Half of all American workers now earn $505 or less per week. #2 In 2009, total wages, median wages, and average wages all declined in the United States. #3 The only group that saw their household incomes increase in 2009 was those making $180,000 or more. #4 According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010. #5 In 2009, the median annual wage for a U.S. worker was just $26,261 .#6 In the United States today, 317,000 waiters and waitresses have college degrees. #7 In 2009, the 74 Americans that earned over 50 million dollars combined to bring in as much as the 19 million lowest paid Americans combined. #8 According to Harvard Magazine, 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans. #9 Total student loan debt in the United States is climbing at a rate of approximately $2,853.88 per second. #10 1.41 million Americans filed for personal bankruptcy in 2009 – a 32 percent increase over 2008. #11 In 1976, the top 1 percent of earners in the United States took in 8.9 percent of all income. By 2007, that number had risen to 23.5 percent. #12 According to a poll taken in 2009, 61 percent of Americans "always or usually" live paycheck to paycheck. That was up significantly from 49 percent in 2008 and 43 percent in 2007. #13 New York state Comptroller Thomas DiNapoli says that Wall Street bonuses for 2009 were up 17 percent when compared with 2008. #14 One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government. #15 The number of Americans enrolled in the food stamp program passed the 41 million mark for the first time ever in June. #16 The number of Americans in the food stamp program increased a staggering 55 percent from December 2007 to June 2010. #17 Over 50 million Americans are on now Medicaid. That figure is up more than 17 percent since the beginning of the economic downturn. #18 Only the top 5 percent of all U.S. households have earned enough additional income to match the rise in housing costs since 1975. #19 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job. #20 A recent Pew Research survey found that 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the economic downturn began. #21 The number of Americans working part-time jobs "for economic reasons" is now the highest it has been in at least five decades. #22 The bottom 40 percent of all income earners in the United States now collectively own less than 1 percent of the nation’s wealth. Point, please.
	Quote