Proof of the class war against the middle class:
22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
"The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace."
Read more:
22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
Some of them are listed below:
"83 percent of all U.S. stocks are in the hands of 1 percent of the people.
66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.
24% 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.
For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
In America today, the average time needed to find a job has risen to a record 35.2 weeks.
More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying.
For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
The top 10% of Americans now earn around 50% of our national income."
Read more:
22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America