Thread: 10 Facts About Money Conditions in US Will Blow Your Mind

Broke! 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind

The Economic Collapse

(links at source)

The crumbling U.S. economy is putting an extraordinary amount of financial stress on American families. For many Americans, "flat broke" has become a permanent condition. Today, over half of all American families live paycheck to paycheck. Unemployment is rampant and those that do actually have jobs are finding that their wages are rising much more slowly than prices are. The financial condition of average American families continues to decline and this is showing up in all of the recent surveys. For example, according to a new Gallup poll, "lack of money/low wages" is the number one financial concern for American families. To make ends meet, many American families are going into even more debt and more American families than ever are turning to government assistance. Right now, more Americans than at any other point since World War II are flat broke and have lost hope. Until this changes, the frustration level in this country is going to continue to grow.

The following are 10 facts about the financial condition of American families that will blow your mind.....

#1 Only 58 percent of Americans have a job right now.

#2 Only 56 percent of Americans are currently covered by employer-provided health insurance.

#3 The median yearly wage in the United States is $26,261.

#4 The average American household is carrying $75,600 in debt.

#5 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

#6 At this point, American families are approximately 7.7 trillion dollars poorer than they were back in early 2007.

#7 The poorest 50% of all Americans now own just 2.5% of all the wealth in the United States.

#8 According to one study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.

#9 Today, there are more than 44 million Americans on food stamps, and nearly half of them are children.

#10 According to Newsweek, close to 20 percent of all American men between the ages of 25 and 54 do not have a job at the moment.

So what is causing all of this?

Where in the world did all of the good jobs go?

Well, the truth is that millions of them have been shipped overseas.

Our politicians promised us that merging our economy with the economies of other nations where it is legal to pay slave labor wages to workers would not create more unemployment inside America.

They were dead wrong.

Now we are being told that we just need to accept a lower standard of living.

For example, billionaire Howard Marks says that it is time for all of us to just accept that the standard of living of American workers is inevitably going to decline to the level of the rest of the world....

"In addition to balancing the budget and growing the economy, I think we have to accept that the coming decades are likely to see U.S. standards of living decline relative to the rest of the world. Unless our goods offer a better cost/benefit bargain, there’s no reason why American workers should continue to enjoy the same lifestyle advantage over workers in other countries. I just don’t expect to hear many politicians own up to this reality on the stump."

Are you willing to accept that?

Well, most Americans appear to be willing to accept this "new reality" because they keep sending most of the exact same bozos back to Washington D.C.

Meanwhile, the job losses continue to get worse. As I wrote about the other day, as the U.S. economy has started to slow down again we are starting to see another huge wave of layoffs all over America.

It doesn't take a genius to figure out where all of our jobs are going. But unfortunately, most Americans don't understand what is happening because neither the mainstream media nor our politicians are telling them the truth.

For much more on how millions of our good jobs are being shipped out of the country, please see another article I recently published entitled "How Globalism Has Destroyed Our Jobs, Businesses And National Wealth In 10 Easy Steps".

But it is not just the globalization of the economy that is destroying our jobs.

The federal government bureaucracy has become so oppressive that it is amazing that anyone is still willing to hire workers in this day and age.

Hiring workers has become so complicated and so expensive that many small business owners want to avoid it at all cost.

For example, a small business owner identified as "007" recently left the following comment on one of my recent articles....

Speaking as a small employer, I would rather have a root canal than another employee. Let’s see. You first have to hire someone you trust without some labor lawyer suing you for some type of discrimination. Then you have OSHA to make sure your work place is safe. Then you have workmans compensation insurance, unemployment taxes, health insurance, liability insurance, now Obamacare. Oh be careful not to be deemed to have a “hostile work environmentâ€

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Your right on HAP.Thes jobs wont come back unless things change.If the reps.would stop the loop holes and tax breaks on thes companies that have shipped these jobs overseas some could come back.The reps.said during lame duck in DEC.said cutting taxes on the rich would create jobs where are they at they got the tax breaks.Now they wont more tax cuts to create jobs.Their saying Obama wants to raise taxes on this debt ceiling but all he wants right now is to stop the tax breaks loop holes that these big buisnes owners are useing not raise taxes but to make them pay their fair share on the tax base they already have.Thats not raiseing taxes like the republicans are claiming.Everyone here pays their fair share so why cant they and help support the country.They are creating jobs with the tax cuts they got but all overseas.Until everyone uncluding the rich this country cant get better.With illegals getting what work thats here and jobs overseas AMERICANS dont stand a chance.Big buisnes can create jobs here if they wanted too even without tax cuts but just greed for more money in their pockets they wont.Cheap labor cheaper products and charging the same high prices to AMERICAN consurmers really sad.

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Originally Posted by duckman

With illegals getting what work thats here and jobs overseas AMERICANS dont stand a chance.Big buisnes can create jobs here if they wanted too even without tax cuts but just greed for more money in their pockets they wont. Cheap labor cheaper products and charging the same high prices to AMERICAN consurmers really sad.

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At least 8 million of our jobs (the equivalent population of several US States) are as you read this being taken by illegal aliens from Mexico.

This country is floating right now on printed money and plastic credit cards - there is no financial stability anywhere. State governments and infrastructure and public support systems are going bankrupt all over the country.

We are witnessing the harvest of trillions of (once valuable) US Dollars being sucked out of our national wealth by corporate and political greed of the highest order.

The last Great Depression, this country had a very firm control over it's own border with Mexico - BUT NOT THIS TIME. In fact, if they could, the president and the US Attorney General would completely ERASE the border. During the last Great Depression, we didn't have 20 million illegal aliens living within our borders either. This huge population is a tremendous 'X' factor and will have historic impact on how this present depression will play out.