FACTS ABOUT AVERAGE AMERICAN FINANCES PLUS

The 'officially unemployed' plus those 'not in the labor force' equal 102.3 million.41 percent of all children in the United States raised by a single parent are living in poverty.The United States ranks 36th out of the 41 'wealthy nations' in child poverty.Almost one-third of all children live in households with an income below 60 percent of the national median income.65 percent of all children in the United States are living in a home that receives some form of aid from the federal government.According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.The number of homeless children nationally has increased by 60 percent over the past six years.46 million Americans use food banks each year.51 percent of all Americans make less than $30,000 a year.48 percent of all 25-year-old Americans still live at home with their parents.The number of Americans living in concentrated areas of high poverty has doubled since 2000.If you have no debt and $10 in your pocket, you have a greater net worth than one out of four Americans.The top 0.1 percent of all American families have as much wealth as the bottom 90 percent combined.The 20 wealthiest people in the nation have more money than the poorest 152,000,000 Americans combined.For each of the past six years, more businesses have closed in the United States than opened.

The level of entrepreneurship in this country is at an all-time low.

The United States ranks 19th in the world when it comes to median wealth per adult.

Since hitting a peak in 2004, the rate of homeownership in the United States has been steadily declining, and today stands at 63 percent of households.

48 percent of all adults under the age of 30 believe that 'The American Dream is dead'.

According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

There are still 900,000 fewer middle-class jobs in America than there were when the last recession began.

Middle class take-home pay before expenses has plummeted to just 43 percent of gross pay, compared to 1970 when the middle class took home approximately 62 percent of all income.

Median wealth for middle class households dropped by an astounding 28 percent between 20.

In the last 14 years, median income of middle-class households declined by 4 percent.

In 1971, 61 percent of all Americans lived in middle-class households Middle-class Americans today make up a minority of the population.43 percent of American households spend more money than they make each month.21 percent of all Americans have no savings account at all.65 percent of those 65 and older have less than $25,000 in retirement.62 percent of Americans have less than 1,000 dollars in their savings account.76 percent of Americans are living paycheck to paycheck.

Facts about average american finances