The Middle Class in America Is Radically Shrinking. Scary and Shocking Statistics
This is the most shocking I have ever seen about the American economy. Here are few of them.
• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
• 61 percent of Americans “always or usually” live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
• 36 percent of Americans say that they don’t contribute anything to retirement savings.
• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
• 24 percent of American workers say that they have postponed their planned retirement age in the past year.
• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
Read the whole story at Yahoo News
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Here’s some cold hard facts for you guys to mull over http://www.businessinsider.com/chart-of-the-day-bush-policies-deficits-2010-6