20 Signs That The Economic Collapse Has Already Begun For One Out Of Every Seven Americans
The economy is falling apart, and somebody better wake up and do something before even more Americans find themselves drowning in poverty.
The following are 20 signs that the economic collapse has already begun for one out of every seven Americans.....
#1 The Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in 51 years of record-keeping.
#2 In the year 2000, 11.3 percent of Americans were living in poverty. In 2008, 13.2 percent of Americans were living in poverty. In 2009, 14.3 percent of Americans were living in poverty. Needless to say the trend is moving in the wrong direction.
#3 In 2009 alone, approximately 4 million more Americans joined the ranks of the poor.
#4 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.
#5 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.
#6 Today the United States has approximately 4 million fewer wage earners than it did in 2007.
#7 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.
#8 U.S. banks repossessed 25 percent more homes in August 2010 than they did in August 2009.
#9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.
#10 There are now 50.7 million Americans who do not have health insurance. One trip to the emergency room would be all it would take to bankrupt a significant percentage of them.
Link:
http://theeconomiccollapseblog.com/archives/20-signs-that-the-economic-collapse-has-already-begun-for-one-out-of-every-seven-americans
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