AMERICA DESPERATELY NEEDS A PRESIDENT SANDERS OR WARREN IF SHE IS DRAFTED!

FACT: Bottom 10% went from $0 Wealth (1963) to -$2,000 debt (2013)

FACT: Top 10% Wealth nearly 4 TIMES HIGHER (1963 to 2013)

FACT: Top 1% Wealth up 6 TIMES HIGHER (1963 to 2013)

FACT:  Cause for growing wealth gap = Rising income inequality.

New Report = RICH GETTING RICHER
New Report = POOR AND MIDDLE CLASS GETTING POORER
New Report = WEALTH GAP GROWING
Source: Urban Institute  1963 to 2013

FACT: Families of color continue to fall behind white counterparts

FACT: 2013 avg wealth of white families = $500,000 higher than wealth of black and Hispanic families.

FACT: White families average 7 TIMES wealth of black families

FACT: White families average 6 TIMES wealth of Hispanic families

FACT: While in their 30s white Americans = 3 TIMES wealth of blacks

FACT: At age 60 white wealth = 11 times wealth of blacks

FACT: Poor have a hard time saving

FACT: Blacks and Hispanics = 25% less likely to own a home

FACT: Black families have more student loan debt than white

FACT: 42% of Black (25 to 55) had student loan debt vs 28% whites

FACT: Fed GOV Increases Inequality = spent $384 Billion/Year = High-Income family asset development

FACT: 66% of homeownership tax subsidies + retirement subsidies go to Top 20% of taxpayers vs 1% to bottom 20% = Blacks and Hispanics

FACT: Many Lower income families qualify for safety net programs = Requires families have near ZERO savings or subsidies are dropped = ANTI-SAVING

FACT: Wealth gap paints a bleak picture of America = Getting Worse

New Report = Since “the one percent…who benefit from these disparities run the government, it’s unlikely that things will change, and the problem will only continue to get worse.”

http://www.ringoffireradio.com/2015/02/new-report-shows-just-how-bad-wealth-and-income-inequality-have-become-in-america/