I found both these articles interesting.
Over 110 million households in the US and half of them live on $46,000 a year or less???
http://www.mybudget360.com/how-much-does-the-average-american-make-breaking-down-the-us-household-income-numbers/
and this one: top 5% control 69 percent of the wealth
http://www.mybudget360.com/top-1-percent-control-42-percent-of-financial-wealth-in-the-us-how-average-americans-are-lured-into-debt-servitude-by-promises-of-mega-wealth/
If we break the data down further we will find that 93 percent of all financial wealth is controlled by the top 10 percent of the country. That is why these people are cheering their one cent share increase while layoffs keep on improving the bottom line. But what bottom line are we talking about here? The Wall Street crowd would like you to believe that all is now good that the stock market has rallied 60+ percent. Of course they are happy because they control most of this wealth. Yet the typical American still has negative views on the economy because they actually have to work to earn a living:
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IF you have the time, read the very last comment at the bottom of the 2nd article.... "poor people consume beyond their means" .......... won't be long until they probably suggest we just dispose of the "poor" people so they won't consume anything.
Over 110 million households in the US and half of them live on $46,000 a year or less???
http://www.mybudget360.com/how-much-does-the-average-american-make-breaking-down-the-us-household-income-numbers/
and this one: top 5% control 69 percent of the wealth
http://www.mybudget360.com/top-1-percent-control-42-percent-of-financial-wealth-in-the-us-how-average-americans-are-lured-into-debt-servitude-by-promises-of-mega-wealth/
If we break the data down further we will find that 93 percent of all financial wealth is controlled by the top 10 percent of the country. That is why these people are cheering their one cent share increase while layoffs keep on improving the bottom line. But what bottom line are we talking about here? The Wall Street crowd would like you to believe that all is now good that the stock market has rallied 60+ percent. Of course they are happy because they control most of this wealth. Yet the typical American still has negative views on the economy because they actually have to work to earn a living:
-----------------------
IF you have the time, read the very last comment at the bottom of the 2nd article.... "poor people consume beyond their means" .......... won't be long until they probably suggest we just dispose of the "poor" people so they won't consume anything.