Tuesday, May 15, 2012

Another list of home-truths

Statistics about the U.S. economy that they do not want you to know....

#1 The percentage of Americans that own homes is dropping rapidly.  According to Gallup, the current level of homeownership in the United States is the lowest that Gallup has ever measured.

#2 Home prices in the U.S. continue to fall.  They have declined for six months in a row and are now down a total of 35 percent from the peak of the housing bubble.  The last time that home prices in the United States were this low was back in 2002.

#3 Last year,  53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.

#4 Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer.  Today, that number is above 30 percent.

#5 When Barack Obama first became president, the number of "long-term unemployed workers" in the United States was 2.6 million.  Today, it is 5.3 million.

#6 The average duration of unemployment in the United States is about three times as long as it was back in the year 2000.

#7   Back in March 2010, 58.5 percent of all working age Americans were employed.  In March 2011, 58.5 percent of all working age Americans were employed. In March 2012, 58.5 percent of all working age Americans were employed. 

#8 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#9 In 1962, 28 percent of all jobs in America were manufacturing jobs.  In 2011, only 9 percent of all jobs in America were manufacturing jobs.

#10 In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.

#11 According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.

#12 Since Barack Obama entered the White House, the price of gasoline has risen by more than 100 percent.

#13 The student loan debt bubble continues to expand at a very frightening pace.  Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#14 One out of every four jobs in the United States pays $10 an hour or less at this point.

#15 Household incomes all over the United States continue to fall.  After adjusting for inflation, median household income in America has declined by 7.8 percent since December 2007.

#16 Over the past several decades, the need for government support has risen. Back in 1960, social welfare benefits made up approximately 10 percent of all salaries and wages.  In the year 2000, social welfare benefits made up approximately 21 percent of all salaries and wages.  Today, social welfare benefits make up approximately 35 percent of all salaries and wages. According to the U.S. Census Bureau, today 49 percent of all Americans live in a home that receives some form of benefits from the federal government.

#17 In November 2008, 30.8 million Americans were on food stamps.  Today, more than 46 million Americans are on food stamps.

#18 Right now, more than 25 percent of all American children are on food stamps.

#19 Crime is going down in America, but more Americans than ever are in prison—and more and more money is being spent. The private prison industry grew 350 percent over the past fifteen years. Corrections Corporation of America earlier this year sent letters to 48 states, offering to buy their prisons outright. To ensure their profitability, the corporation insists that it be guaranteed that the prisons be kept at least 90 percent full.











No comments: