View Full Version : 50 Facts about the US economy that will shock you !
12-18-2011, 05:18 PM
For those unfamiliar with this site, TEC is an economic blog that regularly compiles a comprehensive list of the most startling and unsettling facts about the U.S. economy.
This is sad !
12-19-2011, 09:57 AM
Is it sad that none of that shocks me? I'm such a cynic. Though there are simple explanations for some of those. Net worth down 4.1% in the third quarter? The stock market was down almost 20%, so it's not all that surprising.
12-19-2011, 10:05 AM
I have already heard a lot of this.
1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty
This number has actually been elevated to 51% since this article was written. So over half of all Americans are now at or below the poverty line.
#2 isn't suprising either. The town where I teach in is hovering around 80%