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35 Statistics That Show The Average American Family Has Been Broke Down, Tore Down, Beat Down, Busted And Disgusted By This Economy

The economic statistics that you are about to read are incredibly shocking, but they are also very, very real.  Tonight there are going to be millions of men and women all across America that cannot sleep because they are consumed with anxiety about their financial problems.  Even as you read this, there are a lot of parents out there that are trying to figure out how to explain to their children why their homes are being taken away.  There are also hordes of very hard working Americans that are incredibly frustrated because they have sent out thousands of resumes and yet they can’t seem to get a job interview.  Have you ever been at a point where you couldn’t pay the mortgage or put food on the table for your family?  It can be an absolutely soul-crushing experience.  In fact, there are some cities in the U.S. that have been so utterly devastated by this economy that it seems as though virtually everyone has had the hope sucked right out of them.  The mainstream media is trying to convince all of us that we are in an economic recovery, but that is a lie.  The truth is that we are in the middle of a long-term economic decline and the greatest economy in the history of the world is dying right in front of our eyes.

The average American family is under more economic stress right now than at any other time since the Great Depression.  Just check out the following statistics….

#1 Only 45.4% of Americans had a job during 2010.  The last time the employment level was that low was back in 1983.

#2 Only 66.8% of American men had a job last year.  That was the lowest level that has ever been recorded in U.S. history.

#3 In the United States, one-fourth of all the income is brought in by 1 percent of the people.

#4 Rising prices are putting an incredible amount of stress on American family budgets.  According to John Williams of Shadow Government Statistics, if the U.S. government measured inflation the way that it did before 1980 the inflation rate would be much different.  For example, Williams says that inflation rose at a 9.6 annual rate during the month of February using the old measurement.

#5 In a recent survey conducted by Deloitte Consulting, 74 percent of Americans said that they planned to slow down their spending in coming months due to rising prices.

#6 The price of U.S. crude oil has risen $20 a barrel over the last two months, and the average price of a gallon of gasoline in America is now about $3.79.  At this point, the average price of gasoline is about one dollar higher than it was one year ago.  Since the average American household goes through about 750 gallons of gas a year, that means that in 2011 American families will spend somewhere around $750 more for gas.  So just what is the average American family supposed to do if a gallon of gasoline soon costs 4 or even 5 dollars a gallon?

#7 The average American now spends approximately 23 percent of his or her income on food and gas.

#8 Incredibly, 60 percent of all the students attending California public schools now qualify for free or reduced-price school lunches.

#9 The number of people on food stamps in the state of North Carolina has almost doubled over the past four years.

#10 Thanks to the globalization of the economy, U.S. workers now must directly compete for jobs with workers in places such as Indonesia.  In Indonesia, full-time workers make as little as two dollars a day.  So how are American workers supposed to compete with that?

#11 U.S. home values have fallen an astounding 6.3 trillion dollars since the peak of the real estate market in 2005.

#12 Back in 2005 at the peak of the housing bubble, the median property tax on a home in the United States was $1614.  Today, even though home values have sunk like a rock, that figure has risen to $1917.

#13 According to the Mortgage Bankers Association, at least 8 million Americans are at least one month behind on their mortgage payments at this point.

#14 31 percent of the homeowners that responded to a recent Rasmussen Reports survey indicated that they are “underwater” on their mortgages.

#15 Two years ago, the average U.S. homeowner that was being foreclosed upon had not made a mortgage payment in 11 months.  Today, the average U.S. homeowner that is being foreclosed upon has not made a mortgage payment in 17 months.

#16 The number of homes that were actually repossessed reached the 1 million mark for the first time ever during 2010.

#17 According to a recent census report, 13% of all the homes in the United States are sitting empty.

#18 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years.

#19 According to the U.S. Bureau of Labor Statistics, the average length of unemployment in the U.S. is now an all-time record 39 weeks.

#20 There are 10% fewer “middle class jobs” in the United States today than there were a decade ago.

#21 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

#22 Half of all American workers now earn $505 or less per week.

#23 Total U.S. credit card debt is more than 8 times larger than it was just 30 years ago.

#24 Americans now owe more than $904 billion on student loans, which is a new all-time record high.

#25 Average household debt in the United States has now reached a level of 136% of average household income.  In China, average household debt is only 17% of average household income.

#26 A staggering 25 percent of all American adults now have a credit score below 599.

#27 1.5 million Americans filed for bankruptcy in 2010.  That represented the fourth yearly increase in bankruptcy filings in a row.

#28 Over the last decade, the number of Americans without health insurance has risen from about 38 million to about 52 million.

#29 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.

#30 According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of all personal bankruptcies in the United States.  Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#31 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid.

#32 According to the Federal Reserve, between 2007 and 2009 median household net worth in the United States fell by 23 percent.

#33 The Federal Reserve also says that median household debt in the United States has risen to $75,600.

#34 According to the Economic Policy Institute, almost 25 percent of all U.S. households now have zero net worth or negative net worth.  Back in 2007, that number was just 18.6 percent.

#35 During this most recent economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.

  • William

    Well, Americans who supported the Smirking Chimp and war criminal Bush who are now suffering economically will get no sympathy from me. The Shrubber created this nightmare. Incomeptent Obummer has only worsened it. You get what you vote for.

  • http://www.atlibertyatleisure@wordpress.com NickyG

    Health insurance is a racket. I cancelled mine years ago when they wouldn’t pay for an emergency room visit.

  • Nick

    Your stats would be more meaningful (and credible) if you cited their sources.

    • Admin

      Just follow the links Nick

  • laticia

    Excellent summary of a declining situation. Yet:
    1. Not one of the bankers who deliberately caused this crisis sits in jail–nay, they still control our economy and politics.
    2. Not one mainstream media outlet tries to explain what is going on.
    3. The war against us continues, yet we’re not even aware a class war is in progress, and that we the people are losing.
    What in heaven’s name will it take to wake people up, to remember their ancestors, and regain their liberties?

    • Charles E. Winchester III

      “What in heaven’s name will it take to wake people up, to remember their ancestors, and regain their liberties?”

      A full-fledged depression. Well, maybe a revolution or civil war is needed.

  • http://prattleonboyo.wordpress.com Peyton Farquhar

    @Letitia

    We can get off our duffs and peacefully protest instead of sitting here bitching to each other about how the top 2% continues to rape/pillage/loot. We, the 98% can get involved *now*

    US Uncut (make corporate tax dodgers like BofA & GE pay taxes) http://www.usuncut.org/

    U Cubed (union of unemployed)
    http://www.unionofunemployed.com/

  • Stray Cat

    YAWWWNN!

    Screw it; we’re all doomed. Glad I still have my job.

    For now.

  • Ben Witz

    Eh… the rate Fukushima is still spewing out radiation all over the world, mankind will be completely wiped out within the next 2-3 years. And so richly deserved, such a crooked, vicious, greedy world…

  • http://borderbreakdown@wordpress.com Crazy Head

    The source which indicates that Indonesian workers live at less than $2 a day is from 2002. The world has changed since then. This year is 2011 and I bet the wages are already different.
    Sorry.

  • http://www.pathtoasia.com rhea

    Most of America’s assets have already been spent or borrowed against. The Federal Reserve owns a good share, China owns a good share. What do the majority of American taxpayer OWN? If you are making payments you do not own it. If it’s on paper (invested) you do not own it…

    We help Americans find jobs and prosperity in Asia. Visit http://www.pathtoasia.com/jobs1/ for details.

  • Baby Boomer

    Please stop falling into the same old false right-left trap. “The Shrubber,” aka Bush, did not create this tragedy. He was a script reader, albeit a bad one. Likewise, Obama is not responsible. These are front men, hand-picked PR actors for the establishment. Stop blaming them. It only allows the real criminals to get away with their scam. Blame the bankers, the owners of transnational corporations who shipped jobs to the slave gulag in China, blame the mega-rich and the hereditary elite. Stop blaming Bush-Obama. It is a waste of time and counterproductive.

    • Charles E. Winchester III

      Baby Boomer:

      “the real criminals” – well, they are not neccesarily breaking any laws.

      Why not blame the voters, customers, borrowers and wasters?

      Noone is FORCED to vote for any of the two wings of the War Party (although the Republican party seems to be a bit more reliable and less socialistic than the Democratic party).

      Noone is FORCED to buy things they don’t need and/or can’t afford.

      Noone is FORCED to take up loans they can’t pay down.

      Don’t get too surprised. You may get what you vote for. You may get what you (don’t) pay for.

  • Security

    Americas biggest problem and number one enemy is not Islam nor China nor Russia. Americas biggest enemy is our government and their puppet masters on wall street.

  • mondobeyondo

    Arrogance is when you ask for ranch dressing on your salad, and they give you Thousand Island dressing instead.

    Ignorance is when you ask for ranch dressing on your salad, and they ask you, “Ranch dressing? Is that a pant, jeans, skirt, blouse? Oh okay, I get it – cowboy boots!”

    Stupidity is when you ask for ranch dressing on your salad, and they tell you they can’t provide ranch dressing, because there are no ranches within 100 miles of the store.

    Most Americans seem to be a combination of all three. Is there any hope? I hope there’s hope…

  • Eric

    Blogging is the newest form of protest. The gmmnt likes, and even preferrs blogging because it can be shut down, and tracked. Most bloggers have their real names registered, and are on a list somewhere. 60′s style protests are much more effective, if they are wide spread and coordinated. I say we property against NAFTA, and the WTO on the anniversary of the bill.

  • RockyMtn1776

    The American dream is over. It was killed by gredy, corrupt politicians who sold their soul and their country for money, power and votes. It was killed by generations of Americans who would not give up their entitlement programs.

  • Guido

    I’m sorry, but why are you still blaming Bush? When does Obama become responsible for what’s going on? At the very least, when does he become responsible for not changing it? All Bush’s stuff is still around, including the war on terror and even his tax cuts.

    In any case, Bush didn’t change the world, these problems were well underway long, long ago before he was ever interested in politics. They can be connected over decades of mission creep in the government.

    In case you haven’t been here very long, the economy was already weak 30 years ago. In the early 1980s we all knew social security was in trouble. I knew in elementary school social security would not be there for me. Perot and Buchanon were laughed at when they predicted in 1992 NAFTA and GATT would lead to a massive loss of American jobs. The economy was already in trouble in the 1970s. We knew our money was weakening long ago-ever hear a story about how a burger and beer were like a dime? We also worried about the budget in the 1980s and where out of control government spending would lead. Even the Tea Party is nothing new-in 1991 it was called Throw The Bums Out! Hell, they knew 200+ years ago that credit and fractional reserve banking were a threat to security. I think it was Jefferson who warned against a national bank being doom for our nation.

    Both sides did it to us and we, the stupid, illiterate electorate let them. Both sides embraced the big money giveaway and larded the budget every year with freebies and giveaways and pork. We ate it up. (Franklin warned us about that one.) You can’t blame one person for this, especially since the president can’t stop congress from porking the budget. They control the purse strings. And they’re the ones who gave Bush his wars.

    Let me add, I hate Ryan’s plan because it doesn’t go far enough fast enough. We can’t slowly reform the budget and protect social security and whatnot. You gotta subtract the black from the red, drop the red, and go with what fits in the black. No more borrowing, no more promises, no more stealing from the social security trust fund-you get the taxes to spend and that’s all. Your only solution is cutting back to spending less than what’s coming in with Russian efficiency. Democrats can say what they want-so far they haven’t proposed a better idea and they didn’t even create a budget when they had a chance.

    If they’re not going to do what needs to be done, then circumstances will force your hand when you’re flat broke and in default. Then it will be much worse.

    The post-war boom and all that success and easy money are over, so now the free lunch has to be over, too, and it’s time to live within our means.

  • bailey

    arrogant,ignorant and stupid.

    Sums it up nicely.

    Now put cell phones in all their hands.

  • Rodolfo Lema

    I´m a Spaniard, and as any other European I know that you, Americans drive the boat from the day that II WW finishes. When I was young, I dreamed having the cars I see in films like “Bullitt” (every door of that cars possibly weights more than all my father´s car), and, as you were our future it looked as it was only question of patience…An so I continued waiting, and now I´m concerned not about the future of our cars, but of our feeding (today I read that in France president Sarkozy ordered every supermarket has to offer a box with a piece o fish, meal, bread, vegetables and fruits at a fixed price as french people are having great problems to feed themselves).
    But when you ordered to all countries in the world to compete in a free and unprotected market (salaries in car factories in China are about 150 euro/month, in Germany 3.000 euro/month), so what could our factories (and of course yours)do apart from close here and open in China, India…?
    As time goes by the car of the future is not an electric or hidrogen (where are all the hydrogen wells?) car, it will have four legs and is called “Ass”.
    Well, American brothers, what other thing could we expect if the captain gots mad many years ago?

  • Brandon

    All this bullshit started with shareholder capitalism’s rise in the 1970s when you get down to it. THAT is when wages started to become stagnant or actually DECREASE in many key industries. Reagan Administration and Bush Sr. deregulated and treated the rich like gods. Clinton helped a little, but he also gave us things like NAFTA and Gramm-Leach-Bliley. Bush gave his own version of corporatism, and Obama’s little better.

    NO ONE has challenged the shareholder capitalism versoin of things and asked why we can’g oback to STAKEHOLDER capitalism, where we all shared in the wealth essentially, and corporate leaders didn’t just care about the investors and stockholders. They actually cared about EMPLOYEES, too, and executive pay wasn’t so ridiculously high.

  • Hack Yee

    Hey Boys and Girls,
    American forgot that there is a season for everything. Instead America just focussed on perpetuating the summer months.

    Now its pay back time.
    Blame Bush, blame Obama, if it makes you feel better.
    But remember these are just elected officials. They act in accordance with the public wishes at the time (in order to stay in office).
    The public wanted a continuation of ‘lets party like its 1999′.

    Well thats what they got, and now the debts are falling due.

    Not my problem.
    I’ve got my job, but more importantly i’ve got my savings. We have paid off our home, and have invested our money globally.
    If i loose my job tomorrow it doesnt hit us very hard.

    Although we are Chinese, we followed the wisdom of America’s ancestors, not the current generation.

    And if there is more pain to come, well it just gives up more opportunity to invest our cash into investments that become more attractive.

  • Hack Yee

    Haha Brandon, you just dont get it. Its not capitalism that has killed America. Its the American people themselves. The current generation have too high expectations, and more importantly that want it on credit.

    Now capitalism exists to give people what they want. The problem is people got what they wanted, but they are just waking up to the cost of satisfying those immediate wants.

    Think about it, when the cost of consumer goods where dropping because their products were being manufactured ofshore did the american people complain????
    no the price of consumerables was dropping, so the public was happy.

    The first americans to suffer were those who worked in industries that were easiest to ‘export’ overseas. But did the rest of the american population complain when their brothers were feeling the effect of global competition: no.

    They were benefitting. So the loop got bigger and bigger.

    I came from communism, but i fully embrace traditional capitalism. Too bad if others dont.

  • Uncle B

    Capitalism has matured in America. Even the merry Oldsmobiles of the past have disappeared. All the good farming land is tied up by Capitalists, they have saturated the system. Now they seek new territory, and have found it on the Beijing Shanghai, Hang Seng stock markets. America must now settle into a mediocre stale-mate economy, downgraded to stationary, no longer expanding wildly. It was simply a matter of time!

  • thatman

    “Please stop falling into the same old false right-left trap. “The Shrubber,” aka Bush, did not create this tragedy. He was a script reader, albeit a bad one. Likewise, Obama is not responsible. These are front men, hand-picked PR actors for the establishment. Stop blaming them. It only allows the real criminals to get away with their scam. Blame the bankers, the owners of transnational corporations who shipped jobs to the slave gulag in China, blame the mega-rich and the hereditary elite. Stop blaming Bush-Obama. It is a waste of time and counterproductive.”

    I meant to say ” this is true”. i agree 100%

  • uh Clem

    isnt it a well known tenet that to succeed over a country you dont need to kill its people you just kill its economy?

  • http://landdestroyer.blogspot.com/2011/02/real-revolution.html Ben Dover (America)

    Naming Names: Your Real Government (When dark deeds unfold, point the finger in this direction).
    by Tony Cartalucci
    http://landdestroyer.blogspot.com/2011/03/naming-names-your-real-government.html

    The Real Revolution
    http://landdestroyer.blogspot.com/2011/02/real-revolution.html
    “Boycott the globalists, cut off their support, undermine their system, and they lose their ability to commit these atrocities. That will be a real revolution and it can start today. Not burning cities and masked rebels waving flags, but communities no longer dependent and fueling a corrupt system we all know must come to an end.”

  • Niger Orangina

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