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Home » Resources » Blog » The 2011 American Economy – Part One

The 2011 American Economy – Part One

I saw an article the other day that discussed some economic numbers from 2011 and to be honest, I even found a few of them shocking. Even though most American’s have become frustrated with this economy, I know that my students have the ability to not only survive but to thrive in these times. I’m sharing these numbers with you not to scare you, but to prove to you that while things seem bad for you, they could always be worse.

At this time of the year, a lot of families get together, and in most homes the conversation usually gets around to politics at some point. Hopefully many of you will use the list below as a tool to help you share the reality of the U.S. economic crisis with your family and friends. And if any of them need help, send ‘em my way.

1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty.

2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished.

3. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent.

4. The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.

5. One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.

6. There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.

7. Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

8. According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.

9. A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.

10. According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

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5 Responses to The 2011 American Economy – Part One

  1. Cresencio Mandujano says:

    Good to be a Gcm lot of very good inf

  2. John Rogers says:

    Those statistics are very sobering. I think that now in 2013 things haven’t improved much.

  3. Brian Chilcote says:

    I would like to see this updated for 2014 going in to 2015.

  4. Brandon Dickman says:

    cant wait to read over part II

  5. Rose McLaughlin says:

    Hi Ron, I see this and feel all around me, the media says the ecomomy is doing great! But I know better because when I had my Children’s Resale Store for 7 years, the last 2 were declining in sales and it wasn’t because I wasn’t getting the traffic, or that
    the quality, or prices were not good. People honestly did not have the money even when I would have 50% off sale! I wouldn’t really sell a lot until I would have 75% off sales which was making it very hard to stay in busines, teft was becoming more of a problem and I realized I needed out of that business and started looking into etter ways to improve my income. Well I finally found what I have been looking for, for a long time! Thank You Ron, you are changing my life and my familys life as well. God Bless You! And can you please send an up to date statistics of where our economy is really at now in 2018?

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