Quotes by The Economic Collapse

A few of the 50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe References available at original article.

1. 48 percent of all Americans are either considered to be "low income" or are living in poverty.

2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be "low income" or impoverished.

7. Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

10. According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

12. Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.

13. One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.

21. According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago.

31. Today, one out of every six elderly Americans lives below the federal poverty line.

32. According to a study that was just released, CEO pay at America's biggest companies rose by 36.5% in just one recent 12 month period.

33. Today, the "too big to fail" banks are larger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

34. The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

37. A higher percentage of Americans is living in extreme poverty (6.7%) than has ever been measured before.

38. Child homelessness in the United States is now 33 percent higher than it was back in 2007.

41. Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

48. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

49. The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.