Census finds record gap between rich and poor

From Raw Story:   http://www.rawstory.com/rs/2010/09/census-finds-record-gap-rich-poor/

By The Associated Press
Tuesday, September 28th, 2010 — 7:18 am

Recession’s impact: Census shows growing income gap as young adults, children take big hits.

The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession.

The top-earning 20 percent of Americans — those making more than $100,000 each year — received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent earned by those below the poverty line, according to newly released census figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.

A different measure, the international Gini index, found U.S. income inequality at its highest level since the Census Bureau began tracking household income in 1967. The U.S. also has the greatest disparity among Western industrialized nations.

Continue reading at:  http://www.rawstory.com/rs/2010/09/census-finds-record-gap-rich-poor/

One Response to “Census finds record gap between rich and poor”

  1. tinagrrl Says:

    One of the things that has amazed me for a long time is how most LGBT and T-focused groups and individuals don’t give a damn about social justice issues. It’s all about THEIR specific “single issue” — even though the other issues impact their specific populations MORE than they impact the general population.

    Way too many MtF transsexuals apparently do not give a damn about Feminism — perhaps a throwback to their “old lives” as men, or residual male privilege (do not tell me “it doesn’t exist”, or “I never had it” — that just tells me you have no ability to do self examination, no ability to look at your self honestly, or with any depth).

    It sometimes seems gay guys are all about “doing well”, about surface perceptions (of themselves, by others). I’d really like to see some more critical thinking, some more understanding of the basic truth — minorities are among the first to be fired when there is a downturn.

    Where is our LGBT/T solidarity with others? Why the racism? Why the facade of “doing well”, when you can’t afford a decent place to live?

    Why must some MtF’s put stuff down to “transphobia” when it is just plain old misogyny in many cases?

    Why , why, why?

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