America is the richest nation in history, yet it has the highest poverty rate in
the industrialized world with an unprecedented amount of Americans living in dire straights.
childhood. Approximately 20,000 people are added to this total every day. 1
In 2009, one out of five U.S. households didn’t have enough money to buy food.
U.S. citizens has now reached
an all-time high. 2
Bankruptcies continue to skyrocket. Health care bill related bankruptcies are
filed are from people who have health care insurance. 3 The U.S. has the most expensive
countries and the overall care we get in return
ranks 37th in the world. 4.
In total, Americans have lost
$5 trillion from their pensions and savings since the
economic crisis began and
$13 trillion in the value of their homes. During the first full year
of the crisis, workers between the ages of 55 – 60, who have worked for 20 – 29 years,
families are expected to lose their home by 2014, with 25 percent of current mortgages
underwater. Deutsche Bank has an even grimmer prediction: “The percentage of
increasing number of these people are not finding shelter elsewhere, there are now
population is single parents with children. 7
The One place more and more Americans are finding a home is in prison. With
In comparison, China has 110 per 100,000, France has 80 per 100,000 and
Saudi Arabia has 45 per 100,000.
The prison industry is thriving and expecting major growth over the next few years.
“a new prison opens every week somewhere in America.” 8.
Mass Unemployment
The government unemployment rate is deceptive. It doesn’t count people who are
“involuntary part-time workers,” meaning workers who are working part-time but want
to find full-time work. It also doesn’t count “discouraged workers,” meaning long-term
unemployed people who have lost hope and don’t consistently look for work. As time
goes by, more and more people stop consistently looking for work and are
discounted
unemployment total because they were “officially” labeled discouraged workers.
So instead of the number rising, we will hear deceptive reports about unemployment
leveling off.
On top of this, the Bureau of Labor Statistics recently discovered that 824,000 job
losses were never accounted for due to a “
modeling error” in their data. Even in their initial
January data there appears to be a huge understating, with the newest report saying the
economy lost 20,000 jobs. TrimTabs employment analysis, which has consistently
provided more accurate data, “estimated that the U.S. economy shed
104,000 jobs in
January, 2010″
When you factor in all these uncounted workers — “involuntary part-time” and
In total, we now have
over 30 million U.S. citizens who are unemployed or underemployed.
The rarely cited “employment-participation” rate, which reveals the percentage of the
population that is currently in the workforce, has now
fallen to 64 percent.
Even based on the “official” unemployment rate, just to get back to the
unemployment level of 4.6 percent that we had in 2007, the U.S. needs to create
over
cuts of
more than 60,000 jobs. 9.
Millions of Americans are reaching a point where the unemployment benefits they
have been living on are coming to an end.
Over six million are now unemployed for over
go into the red within the next few months. In total,
40 state programs are expected to
go broke. 10.
Most economists believe the unemployment rate will remain high for the
opening, companies have been able to further increase the workload on their remaining
employees. They have been able to increase the
amount of hours Americans are
working, reduce wages and drastically cut back on benefits. In the third quarter of 2009,
companies. Of the 220 companies in the S&P 500 who have reported fourth-quarter
results thus far, 78 percent of them had “better-than-expected profits” with earnings
began tracking data.”
According to the Bureau of Labor Statistics, the national median wage was
the unemployment rate was 5.8 percent. With the unemployment rate now at 10 percent,
not going to get you far in today’s economy, and half of the country is making less than
their family to hopefully make ends meet.11.
The mainstream news media never piece the figures together to show you the
one of their family members due to financial circumstances, can tell you about the
psychological toll that is on top of the physical suffering. 12.
There are now well over 150 million Americans who feel stress over these things
Ref:
8. www.nytimes,com/…/us/us-prison populatopon-decline-reflecting-new-appr… July 25, 2013; en-wikipedia-org-wiki-incarceration-in-the united_states.
Dr. S. Akhtar Ehtisham