Everything is going to be okay...

The Proof Is In The Numbers: America Is Getting Poorer

The U.S. economy is in deep, deep trouble and the proof is in the numbers. The following are 12 statistics that reveal just how far the standard of living in America is declining....

1 - According to the Census Bureau, median household income dropped in 34 U.S. states in 2009, and the only state where median household income actually increased was in North Dakota.

2 - The Census Bureau data also revealed that of the 52 largest metro areas in America, only the city of San Antonio did not see a decline in median household income in 2009.

3 - 35 percent of all U.S. households now live on $35,000 or less.

4 - According to the Census Bureau, the percentage of Americans living below the poverty line is the highest it has been in 15 years.

5 - The number of Americans enrolled in the food stamp program passed the 41 million mark for the first time ever in June.

6 - The number of Americans in the food stamp program increased a staggering 55 percent from December 2007 to June 2010.

7 - One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.

8 - Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many that were receiving it back in 2007.

9 - In 2009, U.S. consumer spending experienced the biggest decline since 1942.

10 - As millions of young Americans struggled just to survive, marriages fell to a record low in 2009. Today, only 52% of Americans 18 years or older are married.

11 - The only group that saw their household income increase in 2009 was those making $180,000 or more.

12- According to the Huffington Post, the gap between the richest and poorest Americans grew in 2009 to its largest margin ever....

The top-earning 20 percent of Americans – those making more than $100,000 each year – received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent made by the bottom 20 percent of earners, those who fell below the poverty line, according to the new figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.

Link:
http://theeconomiccollapseblog.com/archives/the-proof-is-in-the-numbers-america-is-getting-poorer