More information being posted on the Internet based upon recent census data is pertinent to this discussion. Here is a link to an article containing the following information. http://money.cnn.com/2011/09/13/news/ec ... te_income/
Quoting from this article below:
The nation's poverty rate rose to 15.1% in 2010, its highest level since 1993. In 2009, 14.3% of people in America were living in poverty.
About 46.2 million people are now considered in poverty, 2.6 million more than last year.
The government defines the poverty line as income of $22,314 a year for a family of four and $11,139 for an individual. The Office of Management and Budget updates the poverty line each year to account for inflation.
How the rich became the über rich
Middle-class wealth falls: For middle-class families, income fell in 2010. The median household income was $49,445, down slightly from $49,777 the year before.
Median income has changed very little over the last 30 years. Adjusted for inflation, the middle-income family only earned 11% more in 2010 than they did in 1980, while the richest 5% in America saw their incomes surge 42%.
"Over that period of time, it's not that the American economy has necessarily performed badly," Osterman said. "As a country we're richer over that period, but there's been this real shift in where the income has gone, and it's to the top."
Amplifying that trend, the bottom 60% of households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income.
More children in poverty: The poverty rate for children under age 18 increased to 22% in 2010, meaning more than 1 in 5 children in America are living in poverty.
Meanwhile, the poverty rate for adults ages 18 to 64 rose to 13.7%.
For people 65 and older, the poverty rate was barely changed at 9%.
Following the recession, fewer young adults are moving out of their parents' homes. Last year, 5.9 million young adults age 25 to 34 still lived with their folks, compared with 4.7 million before the recession.
Note that those making gains despite the recession are those being protected from returning to previous levels of taxation that were reduced in the name of job creation and boosting the economy by or under GW Bush. We have a pattern of causation and results that all fits together.
The ownership of the mass media has been concentrated in the hands of just a few, the über rich as referred to in that article. The mass media has been used to turn aggressions inward among Americans and the über rich have disappeared from consideration, become invisible, as talk is of those making over $250K or over $1,000K and no one talks about the multi billionaires who own America and the media. No one says tax the multi billionaires, they talk about how it is not fair to tax the millionaires at the old and higher rates. The truly wealthy, the über rich as multi billionaires, are invisible and not talked about. The "low information voters" that are referred to in one article I posted are the target and the result of this deviation of attention by artful crafting of the news. The Tea Baggers chant no increase in taxes, just exactly what is wanted by those not paying their share under the tax rate changes and loop holes created. They are led to believe that it is the undeserving poor, those in true poverty, who are the cause of their distress. That aggression is turned inwards within the rank and file of Americans. Meanwhile, the source of the budget shortfall in the cutting of tax rates for the very rich, is not talked about and the target for that consideration, the über rich, disappears from view and consideration. If they are not visible to the mass of voters, there will be no movement to return taxes to levels that would have prevented the deficit from occurring in the first place. The ideologues elected to congress, along with those already in congress and dependent upon the über rich and corporations for their election funds and many of the freebies and perks handed out under the table, vote to cut social services in the name of balancing the budget while it is anathema to consider taxing the über rich. It is all a nice, neat and tight little circle of greed, self interest and disenfranchisement by deception.