Wednesday, August 27, 2008

Have & Hoard vs. Have Not

The U.S. Census Bureau just released its report “Income, Poverty and Health Insurance Coverage in the United States: 2007” where the data reveals continued inequality and concentration of wealth in the United States. The top 20 percent of households receive over 50% of the nation's income, while the lowest 20% get just a little over 3% of the wealth pie.

The nation’s official poverty rate in 2007 was 12.5%, which means 37.3 million people are in poverty. You read that right – thirty-seven point three million poor.

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