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The Money Party on the Road to Ruin
Michael Collins The Money Party is destroying the United States. For ten years, there have been no new jobs with flat income. Unemployment and poverty are making a big comeback. The party consists of...
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Saturday Reads Around The Internets - We're Pretty Darn @&*)...Oops, Censored
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
View Article46.2 Million People in Poverty for 2010
The Census released a comprehensive report on poverty, income and health insurance coverage in the United States for 2010. There were 46.18 million people living in poverty, in the United States. The...
View ArticleHow Many People are Poor in the United States?
It seems the entire world has been confused by the Census and understandable so. This past week saw dueling quotes on the number of people in poverty in the press. There are actually two major measures...
View ArticleHeadlines Blare Americans Lose 40% of Their Wealth Yet Income Decline is the...
The Federal Reserve released a report, the 2010 Survey of Consumer Finances. This is a report on household wealth from 2007-2010, removing effects of inflation. No surprise, median net worth declined...
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Wage Statistics Paint a Bleak Picture for Working America
Most economists and the press look at personal income to think about America and wages. But there is another set of statistics which paints an even more stark picture. The social security...
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The Rich and the Rest of Us in the United States
Most of America is poor, broke, and getting poorer. So shows new Census statistics for 2011. Real median income for households declined 1.5% to $50,054 and has declined for the second year in a row....
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Low Income Households Have Expenses More Than Twice Their Income
A shocking claim was made by various press sources that those at the bottom of the American economic pile have living expenses which are double their income. The bottom fifth of the U.S. income...
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Identity Politics and Economic Reality
The election was won by identity politics. Black people voted for President Obama by over 93%, Hispanics 71% and Asians 73%. The exit polls show 55% of women voted for Obama, whereas 59% of white...
View ArticleWages in America and the Attack on Labor
The attack on labor is in full throttle. We hear reports of outrageous pay for government workers with economic fictional spin. Pundits weave tall tales blaming the workers themselves as the reason for...
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The Only Ones Who Recovered from the Recession are the Top 1%
There is another round of bad news for most Americans. A study shows the top 1% of America's rich captured 121% of the income gains for the two years after the 2007-2009 recession was declared over....
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Income and Poverty Report Paints a Not So Pretty Picture
Did you know 15% of America lives in poverty and that income for households after adjusting for inflation has declined by 8.3% since 2007? That America is making 9% less in real dollars than in 1999?...
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Economic Gender Discrimination Alive and Well in 2013
Women are still low on the economic totem pole. A new Census report shows nothing has changed, women still make 77¢ to a male's dollar when both are working at full-time jobs and if one includes...
View ArticleWage Statistics Show The Rich Get Richer Again in 2012
The rich get richer and income inequality in America continues with no end in sight. The latest evidence is from the social security administration The gap between rich and the rest of us continues...
View ArticleGraphing American Wage Statistics Is Not a Pretty Picture
The rich get richer and income inequality in America continues to grow in 2013. The wage situation improved from 2012, but it's still pretty bad. The median wage was $28,031.02 in 2013 a paltry 1.9%...
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Only 20% are Middle-Class, Most Don't Come Close
Noah Smith (at Bloomberg) recently wrote: "A plurality of Americans still consider themselves middle-class.” (A plurality meaning, more than any other, but not an absolute majority.) But he linked to...
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