Over 41 million Americans received food stamps in July 2010, a record high after 20 consecutive months of signups. The lowest fifth of earners in the US earned less than 4% of all income in 2009, while over 20% of children live below the poverty line. Wall Street bonuses have increased almost 20% since 2009.
About 41 million US citizens were receiving food stamps as of July 2010—more than one-eighth of the population. This marks an all-time high, after 20 consecutive months of record signups. Enrollments in the US food stamp program increased by more than 50% between late 2007 and mid-2010.
More poverty statistics:
The lowest fifth of US earners earned less than four percent of all income earned in 2009. The highest fifth received nearly 50 percent. This is less of a difference than it is globally: the richest 1% of people in the world own just under half of total global assets. The richest 10% own about 85% of total global assets.
More than 20% of children in the United States live below the federal poverty line. More than 40 million Americans live in poverty. Even those in the lowest income bracket in the United States, however, earn more than two-thirds of the world’s population. More than 80% of the world’s population lives on less than 1 US dollar a day.
Wall Street bonuses have increased nearly 20% since 2009. In addition, US banks own more than the residential home equity of all US households combined.
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