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Tuesday, September 27, 2011

Hard Numbers About The Two (Three?) Tier Economy

*Median household income has shrunk by 7.1% since 1999.
*In 2010, 46.2 Million Americans lived below the poverty line, i.e., $429 a week for a family of four.
*That is 15.1% of all Americans, but..................
*It is 26.6% among Hispanic households, and.............
*It is 27.4% among black households, but..................
*A staggering 39.1% of black kids under 18 are living in poverty.

Will these people become a permanent Third Tier?  It is a question worth asking.

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