Statistics: This should be important to you!
Americans are not saving. Average annual savings is $1557/year
Most Americans cannot write an emergency check for over $600.
The average family is one family crisis away from bankruptcy.
The average household is two pay checks away from bankruptcy.
70% of all American households don’t have enough savings to last 6 months
Median Household income has dropped by $5000 since 1999. That equals $417/month today.
Average annual income is at $51,900/year
52% of American families make $30,000 or less per year.
49% of American families are on some sort of subsidy.
In 2007 there were some 27,000,000 people on Food Stamps. Today, 8 years later, that number has climbed by 20,000,000 to a staggering 47,000,000 people on Food Stamps!
The US Census Bureau states that more than 146,000,000 Americans are either poor or low income.
57% of American children live in homes that are either poor or low income. That’s a 32% increase just since 2007.
These statistics represent “America’s Working Poor”
After 26 weeks of unemployment people drop off the unemployed list. The true percentage of unemployed in America is closer to 20%.
Student Loan debt has quadrupled in the past 10 years.
Grad students starting salaries have been in a steady decline since 2001.
We are looking at the first generation of Americans who will make less money than their parents.