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Nine Economic Facts That Will Make Your Head Spin

Nine Economic Facts That Will Make Your Head Spin | Coffee Party News | Scoop.it

by Lynn ParramoreAlterNet


Half the population of the US has slipped into poverty or is barely making enough to get by.

How much will you need for medical expenses in retirement? What does it cost to keep 2.5 million Americans behind bars? Here are a few facts and figures that might surprise you.

1. Recovery for the rich, recession for the rest.
Economic recovery is in rather limited supply, it seems. Research by economist Emmanuel Saez shows that the top 1 percent has enjoyed income growth of over 11 percent since the official end of the recession. The other 99 percent hasn’t fared so well, seeing a 0.4 percent decline in income.

The top 10 percent of earners hauled in 46.5 percent of all income in 2011, the highest proportion since 1917 – and that doesn’t even include money earned from investments. The wealthy have benefitted from favorable tax status and the rise in stock prices, while the rest have been hit with a continuing unemployment crisis that has kept wages down. Saez believes this trend will continue in 2013.
 

2. Half of us are poor or barely scraping by.

The latest Census Bureau data shows that one in two Americans currently falls into either the “low income” category or is living in poverty. Low-income is defined as those earning between 100 and 199 percent of the poverty level. Adjusted for inflation, the earnings for the bottom 20 percent of families have dropped from $16,788 in 1979 to just under $15,000. Earnings for the next 20 percent have been stuck at $37,000.

States in the South and West had the highest proportion of low-income families, including Arizona, New Mexico and South Carolina, where politicians are eagerly shredding the social safety net. [MORE]


Coffee Party USA's insight:

Here is an outline with a discussion of what the austerity and inequity in our economy are doing to us. A very simple and to the point list that all conscienious citizens should give serious thought to.

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Baltimore Protests April 25, 2015 - I Take LIBERTY With My Coffee

Baltimore Protests April 25, 2015 - I Take LIBERTY With My Coffee | Coffee Party News | Scoop.it
Shares Facebook1Twitter0Google+0Gmail0 These pictures w …
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He Died and the Police Lied About It. Again! - I Take LIBERTY With My Coffee

He Died and the Police Lied About It. Again! - I Take LIBERTY With My Coffee | Coffee Party News | Scoop.it
Shares Facebook23Twitter1Google+1Gmail0 April 24, 2015 …
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Detaining and Jailing the Poor: The Corporate Way

Detaining and Jailing the Poor: The Corporate Way | Coffee Party News | Scoop.it
Small cities and private corporations sued for rights violations in conspiracy to profit from residents.Read more →
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Stop and Frisk Lawsuit Filed Against City of Chicago and Chicago Police Department - I Take LIBERTY With My Coffee

Stop and Frisk Lawsuit Filed Against City of Chicago and Chicago Police Department - I Take LIBERTY With My Coffee | Coffee Party News | Scoop.it
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Congress Moves to Grant Even More Power to the NSA

Congress Moves to Grant Even More Power to the NSA | Coffee Party News | Scoop.it
One of the main objectives of the new laws is to eliminate consequences for companies that share their users’ private information with the government.
The post Congress Moves to Grant Even More Power to the NSA appeared first on The Anti-Media.
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Media Silent On This Unarmed Black Woman Shot By the Police

Media Silent On This Unarmed Black Woman Shot By the Police | Coffee Party News | Scoop.it
A cop just walked after murdering an innocent, unarmed woman. Like so many other cases of murder why killer cops walk, the victim was African American.
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Taco Bell Lobbyists Thank Congressional Staff With 6,000 Tacos

Taco Bell Lobbyists Thank Congressional Staff With 6,000 Tacos | Coffee Party News | Scoop.it
(This post is from our new blog: Unofficial Sources.)
Taco Bell franchise owners are lobbying Congress to help prevent their workers from organizing a union or qualifying for employer-based healthcare.
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Horseman beaten by California police paid $650,000. A best practice?

Horseman beaten by California police paid $650,000. A best practice? | Coffee Party News | Scoop.it
Francis Pusok will receive $650,000 after his brutal encounter with California deputies was caught on camera. Who winds up paying such bills?
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BREAKING: Tennessee Legislature Repeals Common Core

BREAKING: Tennessee Legislature Repeals Common Core | Coffee Party News | Scoop.it
NASHVILLE, April 21, 2015– Yesterday, in a bipartisan vote, the Tennessee House of Representatives voted unanimously (97:0) to repeal Common Core. Today,
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SCOTUS: Police Violated Fourth Amendment By Using Drug Dog To Prolong Traffic Stop

SCOTUS: Police Violated Fourth Amendment By Using Drug Dog To Prolong Traffic Stop | Coffee Party News | Scoop.it
On Tuesday, the United States Supreme Court ruled 6-3 that a Nebraska police officer violated the Fourth Amendment in the case of Rodriguez
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Obama and Republicans Agree on the Trans-Pacific Partnership … Unfortunately

Obama and Republicans Agree on the Trans-Pacific Partnership … Unfortunately | Coffee Party News | Scoop.it
The agreement is little more than enhanced corporation power branded as free trade. And it’s making for some very odd alliances.
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FBI Admits Elite FBI Forensic Unit Lied In Court For Decades

FBI Admits Elite FBI Forensic Unit Lied In Court For Decades | Coffee Party News | Scoop.it
Washington, D.C. (TFC) – The Justice Department and FBI have released a statement formally acknowledging that for over two decades, every examiner in an elite FBI forensic unit offered false testimony in almost every trial in which they offered...
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Lexington farm family excited about its reemergence producing industrial hemp

Lexington farm family excited about its reemergence producing industrial hemp | Coffee Party News | Scoop.it
LEXINGTON – Seventy years ago, the Graves family of Lexington was one of the top growers of hemp in the Commonwealth of Kentucky.
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# 12 Bush Profiteers Collect Billions From No Child Left Behind - Top 25 of 2009

# 12 Bush Profiteers Collect Billions From No Child Left Behind - Top 25 of 2009 | Coffee Party News | Scoop.it
A statute that once promised equal access to public education to millions of American children now instead promises billions of dollars in profits to corporate clients through dubious processes of testing and assessment and “supplemental educational services.” NCLB—the Business Roundtable’s revision of Lyndon Johnson’s Education and Secondary Education Act (ESEA)—created a “high stakes testing” system through which the private sector could siphon federal education funds.
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Petraeus Sentenced. No, Not Like Manning, Drake, Kiriakou…

Petraeus Sentenced. No, Not Like Manning, Drake, Kiriakou… | Coffee Party News | Scoop.it
10 years? 20 years? Exile in Russia? No way, he's part of the establishment. Read more →
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New Organization Provides Support and Tools for Liberty Activists

New Organization Provides Support and Tools for Liberty Activists | Coffee Party News | Scoop.it
Leaders of a new organization hope to empower and equip activists to more effectively advance the fight for liberty.
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San Bernardino County to Pay $650,000 to Man Seen Being Beaten by Deputies - I Take LIBERTY With My Coffee

San Bernardino County to Pay $650,000 to Man Seen Being Beaten by Deputies - I Take LIBERTY With My Coffee | Coffee Party News | Scoop.it
Shares FacebookTwitterGoogle+Gmail San Bernardino Count …
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"The Destruction of Public Education" on "I Take LIBERTY With My Coffee"

"The Destruction of Public Education" on "I Take LIBERTY With My Coffee" | Coffee Party News | Scoop.it
Our Public Education is being destroyed.  It's as simple as that. Common Core, Race to the Top, Charter School Disinformation and Money, Money, Money.
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Jeb Bush Praises Obama’s Expansion of NSA Surveillance

Jeb Bush Praises Obama’s Expansion of NSA Surveillance | Coffee Party News | Scoop.it
One of the most glaring myths propagated by Washington — especially the two parties’ media loyalists — is that bipartisanship is basically impossible, that the two parties agree on so little, that they are constantly at each other’s throats over...
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Critics and Supporters of TPP Clash as Corporate-Trade Deal Nears Completion

Critics and Supporters of TPP Clash as Corporate-Trade Deal Nears Completion | Coffee Party News | Scoop.it
The controversial Trans-Pacific Partnership (TPP) is inching closer to completion, but is the trade-deal really the economic boon we have been told?
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Pa. schools are the nation’s most inequitable. The new governor wants to fix that.

Pa. schools are the nation’s most inequitable. The new governor wants to fix that. | Coffee Party News | Scoop.it
PHILADELPHIA — At Martin Luther King High, a hulking half-full school here, there aren’t enough textbooks to go around. If teachers want to make a photocopy, they have to buy paper themselves.
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‘SCANDALOUS’: A Detective Just Revealed Baltimore’s HUGE Secret Surveillance Program

‘SCANDALOUS’: A Detective Just Revealed Baltimore’s HUGE Secret Surveillance Program | Coffee Party News | Scoop.it
By Casey Harper A detective’s court testimony Monday revealed that Baltimore law enforcement is spying on residents at an incredible rate without a
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Don't Let Congress Fast-Track TPP

Don't Let Congress Fast-Track TPP | Coffee Party News | Scoop.it
Leaked texts of the Trans-Pacific Partnership agreement's “Intellectual Property” chapter confirm our worst fears: Big Content companies are pushing extreme copyright provisions in a secret trade deal that would put restrictive controls on the...

Via #BBBundyBlog #NOMORELIES Tom Woods #Activist Award #Scoopiteer >20,000 Sources >250K Connections http://goo.gl/ruHO3Q
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NSA And FBI Fight To Retain Spy Powers As Surveillance Law Nears Expiration

NSA And FBI Fight To Retain Spy Powers As Surveillance Law Nears Expiration | Coffee Party News | Scoop.it
Homeland Security logo reflected in the eyeglasses of a cybersecurity analyst at the agency’s secretive cyber defense facility in Idaho.  (AP/Mark J.
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New York Times, Washington Post, Fox News strike deals for anti-Clinton research

New York Times, Washington Post, Fox News strike deals for anti-Clinton research | Coffee Party News | Scoop.it
The New York Times and Fox News have made exclusive agreements with a conservative author for early access to his opposition research on Hillary Clinton, a move that has confounded members of the Clinton campaign and some Times reporters, the On...
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