The Census Bureau came out with the data on what households have what by percentage. The result/conclusion, the poor have gotten more over the ages. The numbers speak for them self. This claim that the poor are getting poorer, well...
% Households with: Poor 1984 Poor 1994 Poor 2003 Poor 2005 All 1971 All 2005
Washing machine 58.2 71.7 67.0 68.7 71.3 84.0
Clothes dryer 35.6 50.2 58.5 61.2 44.5 81.2
Dishwasher 13.6 19.6 33.9 36.7 18.8 64.0
Refrigerator 95.8 97.9 98.2 98.5 83.3 99.3
Freezer 29.2 28.6 25.4 25.1 32.2 36.6
Stove 95.2 97.7 97.1 97.0 87.0 98.8
Microwave 12.5 60.0 88.7 91.2 1.0 96.4
Color TV 70.3 92.5 96.8 97.4 43.3 98.9
VCR 3.4 59.7 75.4 83.6 0.0 92.2
Personal computer 2.9 7.4 36.0 42.4 0.0 67.1
Telephone 71.0 76.7 87.3 79.8 93.0 90.6
Air conditioner 42.5 49.6 77.7 78.8 31.8 85.7
One or more cars 64.1 71.8 72.8 (2001) 79.5
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This is fantastic! But what % of the population still amasses the most wealth? Last I heard it was something like 3% own more than 80% of America's wealth. Are those numbers improving as well?
ReplyDeleteAnd how has all of this been changing with the cost of living and inflation? If the poor are actually gaining with the times this is good news.