‘Most Americans know that things used to be
much better in the
The following are 35 shocking
statistics that prove that things have gotten worse in
#1 Median household income in the
#2 There are 5.6 million less jobs than there were
when the last recession began back in late 2007.
#3 The
#4 In 2007, the
unemployment rate for the 20 to 29 age bracket was about 6.5 percent.
Today, the unemployment rate for that same age group is about 13 percent.
#5 In 2007, 73.2
percent of all young adults between the ages of 18 and 24 that were not
enrolled in school had jobs. Today, that number has declined to 65 percent.
#6 Back in the year
2000, more than 50 percent of all Americans teens had a job. This past summer,
only 29.6% of all American teens had a job.
#7 When Barack Obama
entered the White House, the number of "long-term unemployed workers"
in the
#8 The average
duration of unemployment in the
#9 Back in 1950, more than 80 percent of all men in the
#10 According to the Obama administration,
about 20 percent of all jobs in the
#11 Sadly, more than 56,000 manufacturing
facilities in the
#12 Back in 1980, less than 30% of all jobs in the
#13 The
#14 About twice as
many new homes were sold in the
#15 Home prices in the 4th quarter of 2011
were four percent lower than they
were during the 4th quarter of 2010. Overall,
#16 The total value
of household real estate in
#17 At the end of
2011, 22.8 percent of all homes in the
#18 Total home mortgage debt
in the
#19 Total consumer debt in the
#20 Since the
beginning of 2009, the average price of a gallon of gasoline in the
#21 The number of
children living in poverty in the state of
#22 Back in the year
2000, 11.3% of all Americans were living in
poverty. Today, 15.1% of all Americans are living in poverty.
#23 In November 2008, 30.8 million Americans
were on food stamps. Today, 46.5 million Americans are on food stamps.
#24 The U.S. dollar
has lost 96.2 percent of its value since
1900. You can thank the Federal Reserve system
for that.
#25 In 1950, the
#26 According to the
#27 In 1980,
government transfer payments accounted for just 11.7% of all income. Today, government
transfer payments account for more than 18 percent of all
income.
#28 Federal housing assistance increased by a
whopping 42 percent between 2006 and 2010.
#29 Medicare spending increased by 138 percent between 1999 and 2010.
#30 Back in 1990, the
federal government accounted for 32 percent of all health care spending
in
#31 Back in 1965,
only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is
on Medicaid, and things are about to get a whole lot worse. It is being
projected that Obamacare will add 16 million more Americans
to the Medicaid rolls.
#32 Right now, spending by the federal
government accounts for about 24 percent of GDP. Back in 2001,
it accounted for just 18 percent.
#33 In 2004, the
#34 In 2001, the
#35 The
Unfortunately, these shocking
statistics just don't fully capture the horrible pain that many American
families are having to endure in this economy.
A recent USA Today article told the sad
story of one unemployed American named Jerome Greene....
Greene,
about to turn 50, worked for 16 years as an Oracle software developer, most
recently at a
Greene
hoped the downturn would be brief and he'd weather it with unemployment
benefits.
But
the jobless rate hovered above 9% and Greene's 99 weeks of unemployment
expired. He had trouble sleeping. Depression set in. Without health insurance,
he took precautions — carrying hand sanitizer and his own pen when doing
errands to avoid getting sick and having to pay $65 for a doctor's visit.
"There's
no room for error," he says "There's no extra money."
Can you imagine going through all
that?
Tonight there are millions upon
millions of Americans that will struggle to get to sleep as they wrestle with
their financial problems. It is easy to feel as though you have failed
when you can't get a job and can't provide for your children. After years
of fighting to turn things around, it is hard not to fall into a state of
depression.
Unfortunately, our leaders are not
fixing any of the long-term problems that are systematically destroying the
So things are going to get even worse
in the years ahead.
Buckle up.’