More depressing news
According to the US census bureau the US poverty rate continues to rise:
An extra 1.1 million Americans dropped below the poverty line last year, according to the US Census Bureau. There were 37 million people living in poverty in 2004, up 12.7% from the previous year.
And of course, the rich get richer:
The ratio of average CEO pay to the average pay of a production (i.e., non-management) worker was 431-to-1, up from 301-to-1 in 2003, according to “Executive Excess,” an annual report released Tuesday by the liberal research groups United for a Fair Economy and the Institute for Policy Studies.
I understand that most Americans feel as though they will someday be rich, but given these statistics — they are more then likely to be poor.
This entry was posted by steve on Tuesday, August 30th, 2005 at 1:14 pm and is filed under Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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