This statistic shocked me.....WOW - Democratic Underground

BigYawn

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Thu Mar-30-06 01:17 AM
Original message

This statistic shocked me.....WOW

Snippet from----SmartMoney magazine...

March 9, 2006

There are already 7.5 million millionaire households
in the U.S., according to Spectrem Group, more if you
include the equity people have built up in their homes.

That means AMERICANS WHO HAVE A MILLION DOLLARS OUTNUMBER
THOSE WHO ARE UNEMPLOYED!

Can you believe this?
I am sure shrub will claim the credit for this stat.

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Viva_La_Revolution

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Thu Mar-30-06 01:26 AM
Response to Original message

1. what their houses are appraised at and...

what they can sell them for are two totally different numbers, Grasshopper!

:(

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Emit

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Thu Mar-30-06 01:39 AM
Response to Original message

2. Also depends on how accurately the unemployed are being counted

Edited on Thu Mar-30-06 01:50 AM by Emit

http://www.bls.gov/cps/cps_htgm.htm

Edited to add a bit from Thom Hartmann's article:

Do a little math. The Bureau of Labor Statistics says there are 7.6 million unemployed Americans right now. Another 1.5 million Americans are no longer counted because they've become "long term" or "discouraged" unemployed workers. And although various groups have different ways of measuring it, most agree that at least another five to ten million Americans are either working part-time when they want to work full-time, or are "underemployed," doing jobs below their level of training, education, or experience. That's between eight and twenty million un- and under-employed Americans, many unable to find above-poverty-level work.

http://www.commondreams.org/views06/0329-21.htm

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TreasonousBastard

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Thu Mar-30-06 01:53 AM
Response to Original message

3. Also...

15 million underpaid immigrants pushing wages down

30 million without health care

30 million looking at retirement wondering if Social Security and Medicare will be there

100 million or so seeing their household real wages decline

Untold millions wondering of their private pensions will be there

More millions wondering if their jobs will be there

380 million wondering what will happen when Federal checks start bouncing

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