A Little Perspective
1 in 4 U.S. jobs pays less than a poverty-level income. 2 in 5 elderly live on less than $18,000 a year, including Social Security benefits. The average credit card balance for households earning less than $35,000 is $4,000. 1 in 3 people who have left welfare since 1996 did so because they couldn't meet the program requirements or they hit the 5-year limit. Since 2000, the number of Americans living below the poverty line at any one time has steadily risen. Now, 13% of all Americans (37 million) are officially poor. Among households worth less than $13,500, their average net worth in 2001 was $0. By 2004, it was down to - $1,400. Bush's tax cuts (extended until 2010) save those earning between $20,000 and $30,000 an average of $10 a year, while those earning $1 million are saved $42,700. In 2002, Senator Charles Grassley (R-Iowa) compared those who point out statistics such as the ones above to Adolph Hitler. NOW, HERE'S THE PERSPECTIVE: Richard Helfant, the executive dir...