Photo: Wikimedia Commons
The U.S. economy is dying and most American voters have no idea why it is happening.Unfortunately, the mainstream media and most of our politicians are not telling the truth about the collapse of the economy. This generation was handed the keys to the greatest economic machine that the world has ever seen, and we have completely wrecked it.
Decades of incredibly foolish decisions have left us drowning in an ocean of corruption, greed and bad debt. Thousands of businesses and millions of jobs have left the country and poverty is exploding from coast to coast.
We are literally becoming a joke to the rest of the world. It is absolutely imperative that we educate America about what is happening. Until the American people truly understand the problems that we are facing, they will not be willing to implement the solutions that are necessary.
The following are the top 100 statistics about the collapse of the economy that every American voter should know….
Click here to see all the statistics >
We need to educate America.
Please share this with as many people as you can. Time is running out for America, and 2012 is going to be an absolutely pivotal year in the history of this nation.
We are in the midst of a long-term economic decline that is rapidly accelerating. If dramatic changes are not made very quickly, we will soon witness a full-blown collapse of the economy.
Wake up as many people as you can.
We are running out of time.
#99 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.
#98 Since Barack Obama was sworn in, the share of the national debt per household has increased by $35,835.
#97 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.
#96 It is being projected that the U.S. national debt will hit 344% of GDP by the year 2050 if we continue on our current course.
#95 The Congressional Budget Office is projecting that U.S. government debt held by the public will reach a staggering 716 per cent of GDP by the year 2080.
#93 According to one new survey, one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.
#90 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.
#89 According to a new study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 per cent.
#87 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.
#86 The cost of a health insurance policy for the average American family rose by a whopping 9 per cent last year.
And according to a report put out by the Kaiser Family Foundation and the Health Research and Educational Trust, the average family health insurance policy now costs over $15,000 a year.
SOURCE: USA Today
#85 One study found that approximately 41 per cent of working age Americans either have medical bill problems or are currently paying off medical debt.
#84 An all-time record 49.9 million Americans do not have any health insurance at all at this point.
#83 According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 per cent of the personal bankruptcies in the United States.
#79 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day.
#78 The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.
#73 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year.
#70 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade organisation in 2001.
#68 Today, the United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.
#64 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe?
#63 The United States has lost a staggering 32 per cent of its manufacturing jobs since the year 2000.
#62 If you can believe it, more than 42,000 manufacturing facilities in the United States have been closed down since 2001.
#61 Between December 2000 and December 2010, 38 per cent of the manufacturing jobs in Ohio were lost, 42 per cent of the manufacturing jobs in North Carolina were lost and 48 per cent of the manufacturing jobs in Michigan were lost.
#59 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.
#57 There are fewer payroll jobs in the United States right now than there were back in 2000 even though we have added 30 million extra people to the population since then.
That was the lowest level that we have seen since World War II.
SOURCE: The Associated Press
#54 Today, there are 5.9 million Americans between the ages of 25 and 34 that are living with their parents.
SOURCE: The Associated Press
#53 The economic downturn has been particularly tough on men. According to Census data, men are twice as likely to live with their parents as women are.
SOURCE: The Associated Press
#52 According to one recent survey, only 14 per cent of all Americans that are 28 or 29 years old are optimistic about their financial futures.
#50 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 per cent after you account for inflation.
#46 According to Paul Osterman, a professor of economics at MIT, approximately 20 per cent of all employed Americans are making $10.65 an hour or less.
#44 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.
#42 The all-time record for fewest number of new homes sold in the United States was broken in 2009.
#41 At one point this year, U.S. home prices had fallen a whopping 33% from where they were during the peak of the housing bubble.
#40 U.S. home values have fallen approximately 6 trillion dollars since the housing crisis first began.
#39 According to the U.S. Census Bureau, 18 per cent of all homes in the state of Florida are sitting vacant.
#38 Historically, the percentage of residential mortgages in foreclosure in the United States has tended to hover between 1 and 1.5 per cent.
#37 According to the Mortgage Bankers Association, at least 8 million Americans are currently at least one month behind on their mortgage payments.
#36 According to a Harris Interactive survey taken near the end of last year, 77 per cent of all Americans are now living paycheck to paycheck.
#31 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010.
#30 The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year.
#29 According to one study, the 50 U.S. state governments are collectively 3.2 trillion dollars short of what they need to meet their pension obligations.
#28 A different study has shown that individual Americans are $6.6 trillion short of what they need to retire comfortably.
#27 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 per cent.
#18 It is being projected that approximately 50 per cent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.
#16 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.
#13 It is estimated that up to half a million children may currently be homeless in the United States.
#12 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.
#11 According to a recent report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.
#10 The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.
#9 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.
#8 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.
#7 According to the Bureau of labour Statistics, 16.6 million Americans were self-employed back in December 2006.
#5 According to another recent poll, 80 per cent of the American people believe that we are actually in a recession right now.
#3 The Federal Reserve made $16.1 trillion in secret loans to their friends during the last financial crisis.
#1 According to a new CNN/ORC International Poll, 27 per cent of all Americans have never even heard of Federal Reserve Chairman Ben Bernanke.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.