End Times and Current Events
May 05, 2021, 05:15:44 pm
Welcome, Guest. Please login or register.

Login with username, password and session length
News: "Search the scriptures; for in them ye think ye have eternal life: and they are they which testify of me." John 5:39 (KJB)
 
  Home Help Search Gallery Staff List Login Register  

40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Be

Shoutbox
August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
View Shout History
Pages: 1 [2]   Go Down
  Print  
Author Topic: 40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Be  (Read 2440 times)
Psalm 51:17
Global Moderator
Hero Member
*****
Offline Offline

Posts: 28357


View Profile
« Reply #30 on: December 10, 2015, 08:54:56 pm »

https://finance.yahoo.com/news/heres-much-u-middle-class-120003442.html
12/10/15
Here's How Much the U.S. Middle Class Has Changed in 45 Years
They're now outnumbered by the richest and poorest


In the age of rising income inequality, the task of preserving America’s middle class has been taken on by politicians across the ideological spectrum. A new report from Pew Research Center shows just how much the economic fortunes of this group have changed since the 1970s.

In every decade since then, the percentage of adults living in middle-income households has fallen, according to Pew, which is based in Washington. The share now stands at 50 percent, compared with 61 percent in 1971.

More from Bloomberg.com: It's All Gone Wrong for One of World's Biggest Mining Companies

This matters because  the "state of the American middle class is at the heart of the economic platforms of many presidential candidates ahead of the 2016 election," Pew researchers Rakesh Kochhar and Richard Fry wrote in their report. Meanwhile "a flurry of new research points to the potential of a larger middle class to provide the economic boost sought by many advanced economies."

Pew defines a middle-class household as one having income that is two-thirds to double that of the overall median household income. A family of three, for instance, would need to have a minimum income of $41,869 to qualify as middle-income.

More from Bloomberg.com: Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke

Here’s more data on how America’s middle class has morphed over the last few decades:

They're no longer the majority

Being a member of the middle-class has long been treated as an American badge of honor. However middle-income households have lost their majority status in the U.S, with the size of their counterparts on opposite ends of the income spectrum overtaking them in number.

View gallery
.
Some 120.8 million adult Americans lived in middle-class households this year, according to Pew. That’s slightly less than the combined number of upper-income adults (51 million) and those at the lower tier (70.3 million).

More from Bloomberg.com: Bloomberg Politics Poll: Nearly Two-Thirds of Likely GOP Primary Voters Back Trump's Muslim Ban

Their income gains are smaller

While households across the spectrum have seen higher earnings over the past several decades, upper-income households have seen their pay rise the most.

View gallery
Housing
Thinkstock
The median income of those families was $174,625 in 2014, up 47 percent since 1970, Pew data show. That compares with a 34 percent gain for the middle class and a 28 percent increase for the poorest households.

View gallery
.
Households of all income levels got hit hard during the recession, resulting in earnings declines between 2000 and 2014.

Blacks are least likely to be middle-income

Blacks are less likely to be part of the middle class than any other racial or ethnic group, the Pew report finds. Some 45 percent of black adults were in the middle-income tier, down 1 percentage point from 1971.

One positive note is that blacks are the only major racial group to see a decline over that time frame in their share of adults who are low-income, which is down to 43 percent from 48 percent. Still, that percentage is the highest of the ethnic groups, alongside Hispanics.

View gallery
.
White Americans are the only racial group where a majority is in the middle class, though their share fell to 52 percent this year from 63 percent in 1971.

Their piece of the pie is shrinking

The middle class holds 43 percent of U.S. aggregate income, the smallest share in Pew’s data back to 1970.

View gallery
.
Almost half of aggregate earnings in the U.S. is now commanded by the wealthiest families, who are "are on the verge of holding more in total income than all other households combined," Kochhar and Fry wrote. "This shift is partly because upper-income households constitute a rising share of the population and partly because their incomes are increasing more rapidly than those of other tiers."
Report Spam   Logged
Pages: 1 [2]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
Free SMF Hosting - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy