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How Is Today’s Economy Treating You?

By David J. Smith
January 12, 2013

The economy is much worse than the media and the Obama Administration will admit. Why? It will expose their Socialist/Communist agenda for America. They need to end the middle class if they want everybody to be equal – equally poor!!! Even the national Russian newspaper, Pravda, has warned America “not to give up their guns.”

What about the economy? Things have gradually worsened over the last decade. This designed cruel economy has affected millions of Americans by leaving them desperate.

  1. One recent survey discovered that 40 percent of all Americans have $500 or less in savings.
  2. A different recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.
  3. In the United States today, there are close to 10 million households that do not have a single bank account. That number has increased by about a million since 2009.
  4. Family homelessness in the Washington D.C. region [one of the wealthiest regions in the entire country] has risen 23 percent since the last recession began.
  5. The number of Americans living in poverty has increased by about 6 million over the past four years.
  6. Median household income has fallen for four years in a row. Overall, it has declined by more than $4,000 over the past four years.
  7. 62 percent of middle class Americans say that they have had to reduce household spending over the past year.
  8. According to a survey conducted by the Pew Research Center, 85 percent of the middle class Americans say that it is more difficult to maintain a middle class standard of living today than it was 10 years ago.
  9. In the United States today, 77 percent of all Americans are living from paycheck to paycheck, at least some of the time.
  10. In the U.S. today, more than 41 percent of all working age Americans are NOT working.
  11. Since January 2009, the “labor force” in the U.S. has increased by 827,000, but “those not in the labor force” has increased by 8,208,000. This is how government has gotten the unemployment numbers to “come down.”
  12. Sadly, 60 percent of the jobs lost during the last recession were mid-wage jobs, BUT 58 percent of the jobs created since then have been LOW WAGE JOBS!!!
  13. Today, about one out of every four workers in the U.S. brings home wages that are at or below the federal poverty level.
  14. Right now, the U.S. actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.
  15. At this point, less than 25 percent of all jobs in the U.S. are “good jobs,” but that number continues to shrink.
  16. There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
  17. According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.
  18. Electricity bills in the U.S. have risen faster than the overall rate of inflation for five years in a row.
  19. In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.
  20. Health insurance premiums rose faster than the overall rate of inflation in 2011 and 2012. It has been happening for a very long time.
  21. According to one recent survey, approximately 10 percent of all employers in the U.S. plan to drop health coverage when key provisions of the new health care law kicks in less than two years from now.
  22. Back in 1983, the bottom 95 percent of all income earners had 62 cents of debt for every dollar they earned. By 2007, that figure had soared to $1.48 for every dollar they earned.
  23. Total home mortgage debt in the U.S. is now about 5 times larger than it was just 20 years ago.

Could we call out to God with repentance? We’ll see!!!

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