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#1 The labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.
#2 The ratio of what men in the 18 to 29 year old age bracket are earning compared to the general population is at an all-time low.
#3 Only about a third of all adults in their early 20s are working a full-time job.
#4 For the entire 18 to 29 year old age bracket, the full-time employment rate continues to fall. In June 2012, 47 percent of that entire age group had a full-time job. One year later, in June 2013, only 43.6 percent of that entire age group had a full-time job.
#5 Back in the year 2000, 80 percent of men in their late 20s had a full-time job. Today, only 65 percent do.
#6 In 2007, the unemployment rate for the 20 to 29 year old age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent.
#7 American families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
#8 During 2012, young adults under the age of 30 accounted for 23 percent of the workforce, but they accounted for a whopping 36 percent of the unemployed.
#9 During 2011, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed.
#10 At this point about half of all recent college graduates are working jobs that do not even require a college degree.
Years after the Great Recession ended, 46.5 million Americans are still living in poverty, according to a Census Bureau report released Tuesday.
Meanwhile, median household income fell slightly to $51,017 a year in 2012, down from $51,100 in 2011 -- a change the Census Bureau does not consider statistically significant.
Numbers-wise, I'd think the following folk would qualify:
Forbes Billionaires List
The first page is the top 100, but the list extends out into the thousands of names of people worth $1 Billion or more.
Here's the top 10
1 Carlos Slim Helu & family $73 B age: 74 telecom Mexico
2 Bill Gates $67 B age: 58 Microsoft United States
3 Amancio Ortega $57 B age: 77 Zara Spain
4 Warren Buffett $53.5 B age: 83 Berkshire Hathaway United States
5 Larry Ellison $43 B age: 69 Oracle United States
6 Charles Koch $34 B age: 78 diversified United States
6 David Koch $34 B age: 73 diversified United States
8 Li Ka-shing $31 B age: 85 diversified Hong Kong
9 Liliane Bettencourt & family $30 B age: 91 L'Oreal France
10 Bernard Arnault & family $29 B age: 64 LVMH France
Granted, these are worldwide, but, as can be seen, the US has its fair share of representation.
I wonder what the total tally in net worth would be with all these folks combined, if, for instance, all their wealth were seized globally, where then they were left with, oh, say, $500 Million each to scrape by on.
I could somehow manage to scrape by on $500 Million.
Keeping $500 Million each wouldn't be all that bad, even at the loss of tens of Billions.
reply to post by AliceBleachWhite
I'm surprised the Queen of England and the royal family are not in the top 10 considering the amount of land "They" own throughout the world.
Assets are wealth, houses, business, etc...
Sorry to be harsh but life isnt that hard, the 1% arent holding you back, you are holding yourself back. Fix your own problems instead of crying about what other people have. All it takes is a minimal amount of effort and you can be comfortable. When I hear people complaining like this it bothers me because if I can do it with 2 kids and a previously stay-at-home girlfriend, then anyone can take care of their 28-year old self.