By the Numbers: Inequality
Fact Sheet:
Wealth, Poverty & Inequality
The size and ranking globally of the U.S. economy in 2007: $11,711,800,000,000/1st (Economist)
U.S. GDP per capita and U.S. ranking globally in 2006: $43,223/3rd (IMF)
The total number of billionaires in the U.S. and in the world in 2007: 415 and 946 respectively (Forbes)
The percent of the world’s billionaires who were Americans in 2007: 44% (Forbes)
Percent of Americans surveyed in 1988 and 2007 who said that the U.S. was divided along economic lines: 26% and 48% respectively (Pew)
Percent of U.S. income in 1983 and 2004 that went to the top 1% of earners: 9% and 16% respectively (National Bureau of Economic Research)
The percent increase between 1979 and 2004 in the real after-tax income of the poorest one-fifth of Americans compared to the richest 1% of Americans: 9% and 176% respectively (Economic Mobility Project)
How much more the average CEO’s pay was relative to the average worker’s pay in 1978 and 2005: 35 times and 262 times more respectively (Economic Mobility Project)
How many hours it took in 2005 for the typical CEO to make what a minimum-wage worker makes in a month: 1 (Economic Mobility Project)
The official poverty threshold for a family of four living in the U.S. in 2006: $20,614 (U.S. Census Bureau)
The number and percent of Americans who lived below the poverty line in 2006: 36.5 million or 12.3% (U.S. Census Bureau)
The percent of White, Asian, Hispanic and Black Americans who lived below the poverty line in 2006: 8.2%, 10.3%, 20.6% and 24.2% respectively (U.S. Census Bureau)
The number of Americans who experience homelessness in a given year: 3.5 million (National Center on Family Homelessness)
What’s the Economy for, Anyway?
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