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Reply #9: Some interesting graphs and statistical data [View All]

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prolesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-03 03:07 PM
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9. Some interesting graphs and statistical data





Among the industrialized nations, the U.S. has the highest concentration of individual wealth--roughly 3 times that of the No. 2 nation, Germany.
(UN Human Development Report, 1998)

And if it isn't evident that the problem is getting worse, take a look at these facts

Since the mid-1970s, the most fortunate one percent of households have doubled their share of the national wealth. They now hold more wealth than the bottom 90 percent of the population.
(NYU Economist Edward N. Wolf, Top Heavy)

In 2001, 16.3 percent of American children lived in poverty, a lower rate than 1993 (22.7 percent), but higher than the 1973 rate of 14.4 percent.
(U.S Census Bureau Current Population Survey: http://www.census.gov/hhes/poverty/histpov/hstpov3.html /)

Nearly one quarter of all workers more than 28 million in all -- earn less than $8.78 an hour, the amount needed to lift a family of four above the poverty line with full-time work (about $18,200 a year).
(Economic Policy Institute, The State of Working America 2002-03, p. 355)

60 percent of U.S. workers say that if they were laid off, their savings are sufficient to maintain their current standard of living for a few months or less. Only 29 percent said they are able to save for the future. 40 percent say they earn enough to be comfortable, but not to save, while 27 percent said they earn only enough to get by, and 3 percent said they are unable to pay their bills.
(Fleet Bank, contact Rena DeSisto, 212-703-1961)

http://www.inequality.org/factsfr.html
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