Economic Collapse has Started for 1 in 7 Americans

Published on 21/09/2010

The US Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in 51 years of record-keeping. 
In the year 2000, 11.3 percent of Americans were living in poverty. In 2008, 13.2 percent of Americans were living in poverty. In 2009, 14.3 percent of Americans were living in poverty. Needless to say the trend is moving in the wrong direction.

• In 2009 alone, 4M more Americans joined the ranks of the poor.
• The U.S. poverty rate is now the third worst among the developed nations tracked by the OECD.
• The US has 4M fewer wage earners than it did in 2007.
• 10M Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.
• U.S. banks repossessed 25 percent more homes in August 2010 than they did in August 2009.
• One out of every seven mortgages in the United States was either delinquent or in foreclosure during Q1 of 2010.
• There are now 50M Americans who do not have health insurance.
• More than 50M Americans are now on Medicaid
• There are now over 41M Americans on food stamps.

As a business owner, are you protecting and harvesting your wealth for things to come?

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