Monday, December 19, 2011

U.S. Economy - #3505 - 50 Shock Facts About the US Economy that Will Shock You - The Blaze

Please read this article and pass to family and friends, I was overwhelmed with the information, even though I try to research as much as possible on the economy.
“Even though most Americans have become very frustrated with this economy, the reality is that the vast majority of them still have no idea just how bad our economic decline has been or how much trouble we are going to be in if we don’t make dramatic changes immediately,” writes The Economic Collapse (TEC).  For those unfamiliar with this site, TEC is an economic blog that regularly compiles a comprehensive list of the most startling and unsettling facts about the U.S. economy.  Why? Because Americans need to understand that U.S. economy is precariously balanced on the edge of full-blown collapse.  “If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies that our politicians keep telling them. Just ‘tweaking’ things here and there is not going to fix this economy,” the site explains.  Indeed, America’s economic situation has become increasingly unstable. However, what’s arguably more disconcerting than the state of the U.S. economy is the fact many Americans are largely–if not completely–unaware of just how serious things have become.  “America is consuming far more wealth than it is producing and our debt is absolutely exploding,” TEC explains. “If we stay on this current path, an economic collapse is inevitable. Hopefully the crazy economic numbers from 2011 that I have included in this article will be shocking enough to wake some people up.”  It might behoove Blaze readers to share the facts listed below with family and friends.  Here are the 50 economic numbers from 2011 that will shock you (via The Economic Collapse):
1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.
2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished.
3. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.......
35. According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greater than the median net worth for households led by someone under the age of 35.
36. If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.  Read more.........

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