D2 WAKE UP FROM YOUR FANTASY:
DUDE AMERICA IS POOR AND BROKE: THE PRESIDENT IS THE BIGGEST LIER IN THE WORLD AND HIS LEGACY CAN BE PUT THIS WAY "THE WORST PRESIDENT EVER" THE MAN WHO HAD ORDERED THE MASS KILLING OF INNOCENT WOMEN AND CHILDREN AND BABIES IN THEIR SLEEP IN AFGHANISTAN AND PAKISTAN:
Half of Americans below or near
poverty line
The Census Bureau says 15 percent of the country is living in poverty, but the reality is much worse
The Census Bureau has reported that 15% of Americans live in poverty. A shocking figure. But it’s actually much worse. Inequality is spreading like a shadowy disease through our country, infecting more and more households, and leaving a shrinking number of financially secure families to maintain the charade of prosperity.
1. Almost half of Americans had NO assets in 2009
Analysis of Economic Policy Institute data shows that Mitt Romney’s famous 47 percent, the alleged ‘takers,’ have taken nothing. Their debt exceeded their assets in 2009.
2. It’s Even Worse 3 Years Later
Since the recession, the disparities have continued to grow. An OECD report states that “inequality has increased by more over the past three years to the end of 2010 than in the previous twelve,” with the U.S. experiencing one of the widest gaps among OECD countries. The 30-year decline in wages has worsened since the recession, as low-wage jobs have replaced formerly secure middle-income positions.
3. Based on wage figures, half of Americans are in or near poverty.
The IRS reports that the highest wage in the bottom half of earners is about $34,000. To be eligible for food assistance, a family can earn up to 130% of the federal poverty line, or about $30,000 for a family of four.