For the majority of U.S. citizens, the economic recovery has been a full-fledged counterfeit recovery.
ZeroHedge – Oct 10, 2016 – Submitted by Joseph Jankowski via PlanetFreeWill.com, Excerpts:
From USA Today:
Last year, GoBankingRates surveyed more than 5,000 Americans only to uncover that 62% of them had less than $1,000 in savings. Last month GoBankingRates again posed the question to Americans of how much they had in their savings account, only this time it asked 7,052 people. The result? Nearly seven in 10 Americans (69%) had less than $1,000 in their savings account.
Breaking the survey data down a bit further, we find that 34% of Americans don’t have a dime in their savings account, while another 35% have less than $1,000. Of the remaining survey-takers, 11% have between $1,000 and $4,999, 4% have between $5,000 and $9,999, and 15% have more than $10,000.
Here are some more shocking statistics that prove the U.S. is NOT in a recovery and average Americans are struggling to make ends meet.
Courtesy of Michael Snyder of the Economic Collapse Blog:
– Other numbers from the U.S. Census Bureau are also very disturbing. For example, in 2007 about one out of every eight children in America was on food stamps. Today, that number is one out of every five.
– 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.
– The number of homeless children in the U.S. has increased by 60 percent over the past six years.
– According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.
– Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.
– If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.
– According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.
– An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.
– 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.
– There are simply not enough good jobs to go around anymore. It may be hard to believe, but 51 percent of all American workers make less than $30,000 a year.
– There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.7 million working age Americans that are considered to be “not in the labor force”. When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.
– Owning a home has traditionally been a signal that you belong to the middle class. That is why it is so alarming that the rate of homeownership in the United States has been falling for eight years in a row.
– At this point, 25 percent of all Americans have a negative net worth. That means that the value of what they owe is greater than the value of everything that they own.
The economic strategies advanced by the U.S. government and the Federal Reserve over the past 10 years have failed miserably for main street America and working class citizens and their families.
U.S. economic growth is anemic, all-sectors debt is mushrooming, incentives for ‘work’ and economic gain have been undermined, economic liberty has been subverted, and the U.S. health care system is slipping rapidly into a state of chaotic dysfunction.
America needs a new economic plan, one that reignites the fires of citizen-directed, free market economics.
The Leviticus 25 Plan 2017 – $75,000 per U.S. citizen The Leviticus 25 Plan 2017 (1706)