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American economic very bad？ American economic very bad？ why here so many poor people |
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it has always contained many Poor people.. Here are the statistics to prove it: • 83 percent of all U.S. stocks are in the hands of 1 percent of the people. • 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 retirement savings. • 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. • Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008. • 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. • 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. ________________ the media has never represented the reality of America, only pushed the imagery of the Hollywood melodrama scripts on designer set locations. We as people of the world, have become very much influenced by what the media depicts, and we draw images of what like must be like based on such things. Reality is far different. Many Foreign location may make less in figurative dollars, but their system allows them to buy more with what they make. The monetary system has amazing parallels, that are often distorted by the push of commercials and media shows, but reality paints a far different picture. America was learning stability, and learning how to build its system where all could have opportunity to uplift life. But it sold away its means of doing so, when it chose to ignore the value of its own industry on its own shores.
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1 post 7/30/2010 9:05 am |
it has always contained many Poor people.. Here are the statistics to prove it: • 83 percent of all U.S. stocks are in the hands of 1 percent of the people. • 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 retirement savings. • 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. • Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008. • 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. • 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. ________________ the media has never represented the reality of America, only pushed the imagery of the Hollywood melodrama scripts on designer set locations. We as people of the world, have become very much influenced by what the media depicts, and we draw images of what like must be like based on such things. Reality is far different. Many Foreign location may make less in figurative dollars, but their system allows them to buy more with what they make. The monetary system has amazing parallels, that are often distorted by the push of commercials and media shows, but reality paints a far different picture. America was learning stability, and learning how to build its system where all could have opportunity to uplift life. But it sold away its means of doing so, when it chose to ignore the value of its own industry on its own shores. can u send a email to me? i cant see u profile
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Poor has many phases of its definition. One can not only be economically poor, they can be culturally poor, in their limited ability to adapt to their environment. but normally these things are inter-linked. but equally so, we've seen excess greed, which represents an aspect of culturally poor, because they take from society for their self centered concerns, and they are therefore poor, in regards to being contributory with true cultural concerns. but for the sake of the posting, 'Poor is representative of economically dis-advantaged, and challenged". if you want a figure, then look at what an area rates itself as to - Median Income stats, then look at the people who make 50% of such, then those who make 30% of such, and even those who make 80% of such - they are Poor, in the sense their economic intake does not meet the stature to maintain the quality standard which the median income represents to denote as to income to cost of quality living standard. What is quality of living standard: it is, able to meet mortgage, then able to maintain the home facility in a managed status, able to meet the basic utility cost, transportation cost, Medical coverage cost, Burial Insurance, Life Insurance, Auto Insurance, Educational Expense, as well as the incidentals which are contributory, such as people who put money in church, donate to youth programs, and organization, and such things, which make a vitalized community, have stability and progressive management, then there comes the potential to have a % of saving, if there is no saving ratio, then banks don't come, and if banks don't come, then they don't lend with regularity to an area where it has limited presence. these are community stability points. Generally, these aspects impact the category of what is Poor, by being deficient in ability to meet these basics. Every city has a Median Home price range, for communities, that meet what is considered the 'Standard of quality living". If one has % income above the median, where they have 15%+ disposable income, then they are not considered Poor - now there is another category, which is considered as the "working poor", which use to be called the 'lower middle class", they carry a debt ratio, which forces their situation to meet the standard but with lower quality in doing so, and their debt to equity ratio is, in the red. Then there is the middle class, and there is the upper middle class. and this is relative to community, income and etc. There are people living in Million dollar communities, but in that category, there are the wealthy poor, they earn high, they are not poverty poor, because they chose this standard. when they could have lived comfortably in a upper middle class, or a middle class community, but they carry debt, and their debt to equity ratio, is very marginal, and they can be thrust into structured bankruptcy. they cannot afford to meet the basic of quality upkeep of the community, which functions in that capacity. they over-stepped their capability. We've seen many, especially in various business and professions, who buy homes they did not factor in the cost to be in the community nor the home, and they result to loose all, unfortunately, many times, some of these same individuals, end up with their offspring, being thrust into the poverty poor status. But, when this posting is discussing poor, we are talking poverty poor, and near poverty poor. I wish I had time to write out the full scope, because its is such an interesting modeling.
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