Depression By The Numbers - A Poverty Bulletin

Submitted by Tyler Durden
09/20/2011 13:23 -0400
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As was already discussed last week, the number of Americans living in poverty is now at an all time high, even as the real income of the average American male worker adjusted for inflation is back to 1968 levels. But that is only the beginning. ProPublica has compiled an exhaustive bulletin summarizing the sad state of America's depressionary reality in "Our Sputtering Economy by the Numbers: Poverty Edition." For anyone wondering how we are doing now compared to "before", this is the only list needed. The results are not pretty and confirm that Bernanke is now trapped in a corner, where every incremental attempt to reflate the stock market will make ever more people on the other side of the social spectrum even poorer until finally the Arab Spring makes its lone overdue appearance in America.

From ProPublica:

~ The number of Americans earning below the poverty line in 2010: 46.2 million people
~ Official U.S. poverty rate in 2007, before the recession: 12.5 percent
~ Official U.S. poverty rate in 2009: 14.3 percent
~ Official U.S. poverty rate in 2010: 15.1 percent
~ Last time the poverty level was this high: 1993
~ Poverty line in 2010: $22,314 for a family of four, or $11,139 for an individual
~ Rough amount people in poverty are living on per week: $200 or less
~ Poverty rate in the American suburbs: 11.8 percent, the highest since 1967
~ Percentage of the population making less than half the poverty line in 2010: 6.7 percent
~ Percentage of the population making less than half the poverty line in 2007, before the recession: 5.2 percent
~ Poverty rate for white Americans in 2010: 13 percent
~ Poverty rate for African Americans in 2010: 27.4 percent
~ Real median household income in 2010: $49,445
~ Decline in median household income since 2009: 2.3 percent
~ Decline in median household income since before the recession: 6.4 percent
~ The last time median household incomes have been this low: 1996
~ Real median household income in 1999, in 2010 dollars: $53,252
~ Median income for full-time male workers in 2010: $47,715
~ Median income for full-time male workers in 1973, in 2010 dollars: $49,065
~ Official unemployment rate in August 2011: 9.1 percent
~ Total number of unemployed people in August: 14 million
~ Number of people who were employed part-time for economic reasons in August 2011: 8.8 million
~ Number of people not counted in the labor force who wanted work: 2.6 million
~ Net jobs created in August 2011: 0
~ Total number of long-term unemployed people as of August 2011: 6 million
~ Number of unemployed workers per job opening, as of July 2011: About 4.34 (3.2 million openings and 13.9 million unemployed people in July 2011)
~ Total number of uninsured Americans in 2010: 49.9 million
~ Percentage of Americans who didn't have health care in 2010: 16.3 percent
~ Percentage of Americans who didn't have health care in 2007, before the recession: 15.3 percent
~ Percentage of children who were uninsured in 2010: 9.8 percent
~ Percentage of children in poverty were are uninsured in 2010: 15.4 percent
~ Percentage of American households that had enough to eat throughout the year in 2007: 88.9 percent
~ Percentage of American households that had enough to eat throughout the year in 2010: 85.5 percent

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