(206) 949-5683, Top Rated Plumber, Seattle
Page 1 of 2 12 LastLast
Results 1 to 15 of 16

Thread: 50 Facts About The U.S. Economy That Will Shock You

  1. #1

    Default 50 Facts About The U.S. Economy That Will Shock You

    Here are the 50 economic numbers from 2011 that will shock you (via The Economic Collapse): or, so says Yahoo.

    http://news.yahoo.com/50-facts-u-eco...205804459.html

    1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.

    2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished.

    3. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.

    4. The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.

    5. One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.

    6. There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.

    7. Since December 2007, median household income in the United States has declined by a total of 6.8 percent once you account for inflation.

    8. According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.

    9. A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.

    10. According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

    11. Back in 1980, less than 30 percent of all jobs in the United States were low income jobs. Today, more than 40 percent of all jobs in the United States are low income jobs.

    12. Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.

    13. One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.

    14. The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.

    15. According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.

    16. As the economy has slowed down, so has the number of marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married. Back in 1960, 72 percent of all U.S. adults were married.

    17. The U.S. Postal Service has lost more than 5 billion dollars over the past year.

    18. In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked.

    19. Nevada has had the highest foreclosure rate in the nation for 59 months in a row.

    20. If you can believe it, the median price of a home in Detroit is now just $6000.

    21. According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago.

    22. New home construction in the United States is on pace to set a brand new all-time record low in 2011.

    23. 19 percent of all American men between the ages of 25 and 34 are now living with their parents.

    24. Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

    25. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5 percent of all personal consumption back in 1980. Today they account for approximately 16.3 percent.

    26. One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.

    27. If you can believe it, one out of every seven Americans has at least 10 credit cards.

    28. The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

    29. It is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars.

    30. The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

    31. Today, one out of every six elderly Americans lives below the federal poverty line.

    32. According to a study that was just released, CEO pay at America’s biggest companies rose by 36.5 percent in just one recent 12 month period.

    33. Today, the “too big to fail” banks are larger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

    34. The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

    35. According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greater than the median net worth for households led by someone under the age of 35.

    36. If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.

    37. A higher percentage of Americans is living in extreme poverty (6.7 percent) than has ever been measured before.

    38. Child homelessness in the United States is now 33 percent higher than it was back in 2007.

    39. Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

    40. Sadly, child poverty is absolutely exploding all over America. According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.

    41. Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

    42. In 1980, government transfer payments accounted for just 11.7 percent of all income. Today, government transfer payments account for more than 18 percent of all income.

    43. A staggering 48.5 percent of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.

    44. Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.

    45. For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.

    46. If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

    47. Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars.

    48. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

    49. The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

    50. During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

  2. #2
    Jack of all trades DonL's Avatar
    Join Date
    Mar 2011
    Location
    Houston, TX
    Posts
    3,661

    Default

    OK Now for the GOOD news ???
    Theory only works perfect in a vacuum.

    Cyber Security Protection for Windows C:\ > WWW.WinForce.Net

  3. #3

    Default

    I didn't write those. I guess the good news is that you are here and alive to weather the strifes in life, eh. Depends on how you see things.

  4. #4

    Default

    Alright who took the spammer away? It was a cool looking site, lol.
    Last edited by Cookie; 12-19-2011 at 04:49 PM.

  5. #5

    Default

    Anyway since you asked what is the good news, do you have any?

    Wait I have one...Obama won't be president again! Yippee.

  6. #6
    Jack of all trades DonL's Avatar
    Join Date
    Mar 2011
    Location
    Houston, TX
    Posts
    3,661

    Default

    It has been a Long time since I have heard any.

    I guess seeing You and Your reindeer is as close as I can get.

    Why don't you make the lights blink ?
    Theory only works perfect in a vacuum.

    Cyber Security Protection for Windows C:\ > WWW.WinForce.Net

  7. #7

    Default

    Power failure.

  8. #8

    Default

    There is always good news in your life. Just sometimes, not the good news we want to hear though. I heard this thing on tv the other nite, let me see, if I can remember it,

    I really liked it, and I wrote it down on something, but, you should see the "somethings" it could be on, lol.

    ....

    looking...

    while still looking, it goes something like this:

    if you are preoccupied with a problem in your life, to help someone with a problem which is bigger than yours.


    ... there is another part which addresses, if you lost or can't find the reason for things anymore...

    (can't remember that part of what to do)

    I think, it goes like... if you lost or can't find the reason for things anymore because people or things have left you down...

    (now that is all I can remember)

    back to looking...
    Last edited by Cookie; 12-19-2011 at 05:30 PM.

  9. #9

    Default

    The dog ate it. I can't find it. I wish I could. It basically was saying, that happier times are ahead. I want to believe that they are for our country, our people, ourselves and our lives.

    I will check the net for that saying.
    Last edited by Cookie; 12-19-2011 at 05:32 PM.

  10. #10
    Plumber jimbo's Avatar
    Join Date
    Aug 2004
    Location
    San Diego
    Posts
    9,001

    Default

    Well, be careful with comparisons. Poor means you have an Ipad OR a 52" flat screen, but not BOTH.
    You have Air Jordan sneakers OR a gucci purse, but not both. If you don't have a cell phone, you are not poor...you are DEAD.

    There was a time when "poor" meant something different.

  11. #11

    Default

    Here poor is still poor. Soup kitchens, collecting clothes for women's shelters & women entering back into the work force, drive past any one of our bridges and look under... you will see the poor
    Last edited by Cookie; 12-20-2011 at 05:09 PM.

  12. #12
    General Engineering Contractor ballvalve's Avatar
    Join Date
    Dec 2009
    Location
    northfork, california
    Posts
    3,261

    Default

    Here is some good news:

    http://online.wsj.com/article/SB1000...488306242.html - the Us is becoming a net EXPORTER of fuels.

    http://www.newgeography.com/content/...er-natural-gas - We are set for life with cheap natural gas and will soon be an exporter. Also Shale gas contains rare ethylene, the precursor of most plastics, which means we are set to become the lowest cost producers of plastic on earth.

    http://wiki.answers.com/Q/What_count...y_in_the_world - contrary to all the crap in the dollar stores, America remains hands down the largest country for manufacturing. China is getting close, but no one else is even near.

    Finally we have vast amounts of open space in the west and even the east, trees enough for 500 japans, 2 new rare earth mines to rival the worlds best, and the most bombs on earth. And if the enviro-imbeciles let the pipeline to canada get built, We'll be set to win the next war without any mid east oil.

    Finally, we have the best navy and airforce on earth, and could instantly shut off the flow of anything into those mid east nations. Let them drink oil.

    Visit India, Russia and backwater China if you doubt your blessings. And the homeless there don't even have nice overpasses to live under. By the way cookie, Bill gates could buy Detroit with pocket change and move all of Americas homeless there tommorrow. Lets not forget that 80% of the homeless are mentally ill, and not capable of functioning in our 'normal' society.

    You missed it with down and out cities: MERCED ca. is the worst due to speculation for a new university pre crash. Auctions for 600 houses at a shot going on now.

    I built my first house on 12 monster pine tree acres with wood, appliances and fittings from 'curbside' pickup nights. The land cost me 12,000$ and I later split it and sold the other half for $45,000. Try that in India or North Korea.

    finally, god has always come through and blessed us with a world war or virus from time to time, and that will bring back the better times with less teeming masses to extinguish all mammals. If human population continues to increase, our zoo's will have only ants in them.

    Hope I get a chair when the music runs out.
    Last edited by ballvalve; 12-21-2011 at 10:05 AM.

  13. #13
    Jack of all trades DonL's Avatar
    Join Date
    Mar 2011
    Location
    Houston, TX
    Posts
    3,661

    Default

    Now that's what I'm talking about. It is about time.

    Thanks BV
    Theory only works perfect in a vacuum.

    Cyber Security Protection for Windows C:\ > WWW.WinForce.Net

  14. #14

    Default

    Now, here is another good thing. I just put gas in the car to ride people around in it, and did it at 3.19 a gallon for regular unleaded! Wahoo! Down from almost 4.

  15. #15
    General Engineering Contractor ballvalve's Avatar
    Join Date
    Dec 2009
    Location
    northfork, california
    Posts
    3,261

    Default

    That might be a yahoo moment, but cheap gas will kill our wind turbines, solar panels and hybrid cars. Delicate balance. If Ian were alive, he would tell you more.

Similar Threads

  1. Facts you need to know!
    By Cookie in forum Joke of the day
    Replies: 16
    Last Post: 03-23-2012, 06:11 AM
  2. How bad is the Economy? (joke)
    By Cookie in forum Joke of the day
    Replies: 2
    Last Post: 09-13-2011, 06:21 PM
  3. Little known facts?
    By Cookie in forum Health and Wellness Forum
    Replies: 5
    Last Post: 11-26-2010, 07:37 AM
  4. The economy and looking for work
    By Terry in forum Computers and Stuff
    Replies: 1
    Last Post: 01-19-2010, 03:21 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •