Thursday, February 24, 2011

Astounding Stats on how few Americans are Rich


Mother Jones magazine/website has created these 11 charts that explain the gross inequality in the United States today, a big shift from how things were 30 years ago.

It's the Inequality, Stupid

Eleven charts that explain everything that's wrong with America.
In Colombia, it was obvious that the vast majority of people are poor, and a small percentage of wealthy people run the show.  In America, it is far less obvious, because so many people have homes. But we work all the time to keep them. I was really shocked to see that 1% of Americans own over one third of our country's wealth, and that the next 9% of the richest people own another third, with the rest of us 90% owning the last third, and these 90% have an average income of $31,244.
So I checked the GINI index at the CIA World Factbook. The GINI index measures how evenly the GNP is distributed among the population of each country. The higher the number, the more concentrated the wealth is, in the hands of a few.

Yes, Colombia has an even more unequal income distribution than the USA. But geez,  a few of the countries with a more equitable distribution than us are Cameroon, Iran, Nigeria, Kenya, Guyana, Thailand, Morocco, Turkey, Tunisia, Ghana, Burkina Faso...not just the obvious like Sweden and Norway.
So what income qualifies you as part of the middle class? It seems that America will soon have only the upper classes, and the working class and poverty levels left. A sure sign of a decaying economy.
In Colombia, a sugar cane cutter's house
abandoned home in Detroit, USA

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