Catastrophic American wealth decline

[Cornfed]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

[Taco]

Just wait until everyone is paying a $1000/month mortgage on a house that's worth $1. Detroit isn't an isolated case, its the beginning of a trend in most major US cities.

Homes Still Selling For $1 In Detroit
http://www.news.com.au/finance/real-est ... 6559204461

[OutWest]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

The war on the middle class continues. What these figures do NOT show, is the horrible levels of new debt that have been heaped on them in the last few years...so it is even worse than what appears here.

[Taco]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

The war on the middle class continues. What these figures do NOT show, is the horrible levels of new debt that have been heaped on them in the last few years...so it is even worse than what appears here.

Very true. Officially, US debt is around 17 Trillion but when you add up all the government programs it comes out to around 200 Trillion.

[SilverEnergy]

The purchasing power of the dollar has been falling for 43 years.

There will eventually be only 2 classes of people: poor and rich

Which side will you be on?

Do you have a plan?

[Tsar]

There will eventually be only 2 classes of people: poor and rich

That will be true in America and most Anglo countries and many Western countries.

[Contrarian Expatriate]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

Yet another moron who does not know that median does not represent average. If you had half the clue you think you have, you would find this statistic far less remarkable.

[Cornfed]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

Yet another moron who does not know that median does not represent average. If you had half the clue you think you have, you would find this statistic far less remarkable.

In statistics, median is a form of average. Mean is another. Generally economists tend to use median as the preferred average now, since the super rich are so rich that they can greatly skew the mean, creating a false impression of what is typical. Of course, a pavement ape like you could not be expected to know about such matters.

[Moretorque]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

Yet another moron who does not know that median does not represent average. If you had half the clue you think you have, you would find this statistic far less remarkable.

In statistics, median is a form of average. Mean is another. Generally economists tend to use median as the preferred average now, since the super rich are so rich that they can greatly skew the mean, creating a false impression of what is typical. Of course, a pavement ape like you could not be expected to know about such matters.

Cornfed if you have not seen Pastor Manning on UTUBE you should pull up " Pastor Manning on Black Folk " and go to the 2.5 minute mark and watch till the end. I think you will get a good chuckle or 2.

[Moretorque]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

Yet another moron who does not know that median does not represent average. If you had half the clue you think you have, you would find this statistic far less remarkable.

In the early seventies a average house in the US was around 15000 and the average salary was 8 an hour so a years labor could by a livable home. Before the economy went under in 2008 the average US house in 2006 was 315000. Lets see you pay for that in a year.

We are waiting for all the dopes to figure the money con out but as Dr. Blaylock stated in an interview " we are seeing a toxic dumbing down of the populace " and according to him that is what the people want who are debasing the civilization through the money supply.

[Contrarian Expatriate]

In the decade form 2003 to 2013 the median American household wealth declined 36% from $88k to $56k.

http://web.stanford.edu/group/scspi/_me ... levels.pdf

Yet another moron who does not know that median does not represent average. If you had half the clue you think you have, you would find this statistic far less remarkable.

In statistics, median is a form of average. Mean is another. Generally economists tend to use median as the preferred average now, since the super rich are so rich that they can greatly skew the mean, creating a false impression of what is typical. Of course, a pavement ape like you could not be expected to know about such matters.

Ah, no. The mean is the average, and the median refers to half being above and half being below. It is not a type of average, but a sex-deprived, trailer-trash, degenerate who should have been paying attention in math class could easily confuse the two concepts. It is clear now why you suck at life and at getting women to like you.

[Cornfed]

Ah, no. The mean is the average, and the median refers to half being above and half being below.

I suggest you consult statistics or economics textbooks that are not written in ebonics.

[Tsar]

Ah, no. The mean is the average, and the median refers to half being above and half being below.

I suggest you consult statistics or economics textbooks that are not written in ebonics.

The mean is the average of the total. The median is the middle value (with half above and half below).

7
6
5
4
3
2
1

3 is the median (middle value)
1+2+3+4+5+6+7=28/7=4, therefore 4 is the mean (average of all values)

[Tsar]

http://cnsnews.com/news/article/ali-mey ... tamps-2013 (1 in 5 American households on food stamps, 2013)

http://www.usdebtclock.org/ (A real-time example of the numbers in America)

http://inequality.org/americas-real-poverty-rate/ (At least 28% of American families live in poverty, according to the more accurate measure used in 1969, dated 2011. Things haven't improved since 2011)

http://www.alternet.org/economy/real-nu ... oward-75-0 (A large fact sheet, gives reasons why it's more than half of America that is in poverty or working poor based on those facts mentioned on that website, dated 2013)

http://www.huffingtonpost.com/2011/08/1 ... 29424.html (1 in 5 children in America live in poverty...is there any question why people aren't having children and the birth rate is slowing. Feminism is the number one reason, poverty and the high costs of living come a very close second)

http://www.thenewamerican.com/economy/s ... ne-working (The U.S. Bureau of Labor and Statistics reports that 1 in 5 families had no one working in 2013. The findings were released in April 2014)

Healthcare costs keep increasing and so does health insurance costs.

Here are two things that America does to whitewash the facts:
Exclude food, energy, and fuel from the inflation rate. These are things the poor and every class need. Not some new gadget or computer or other retail good.
Use gross income for welfare, poverty line, and other tax purposes. Every other country in the world uses net income for welfare, social benefits, poverty, and tax purposes. It is illogical to use gross income because the taxes automatically go to the government so it isn't actually their income, it's the government's income.

[Tsar]

Multimillionaires, megamillionaires, and billionaires distort the average. Taking out the individuals in the top 10% would portray a more realistic average that represents the majority of the population. Until the top 10% (the highest net worth individuals) are removed from the average, then the median is a better value.