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Tuesday, September 10, 2013

Nine Ways Americans Haven't Recovered

When the economy was roaring in 2007, the U.S. unemployment rate was 5 percent. In January 2013 the unemployment rate was 7.9 percent.
Income And Wages
The U.S. median income fell to $50,054 in 2011, which is the most recent full year in which that data is available. That's down 8.1 percent since 2007. Wages also fell to a record-low 43.5 percent of the economy in 2012, according to the New York Times.

Meanwhile, corporate profits are still booming.

Number Of People On Food Stamps

The number of Americans on food stamps surged to a record in 46 million in June 2012. That's compared to 26.5 million in 2007.

Uninsured Americans

More than 16 percent of Americans -- or 48.6 million people -- were uninsured in 2011, according to Kaiser Health News. This number is higher than what it was in 2007, when the share of uninsured Americans was 15.3 percent.

Student Loan Dept

The average student loan debt for a class of 2011 graduate was about $26,500, according to the Project on Student Debt data cited by the New York Times. Since 2007, when the average student debt was $23,349, student loan debt has increased for almost every demographic and the size of that debt has gone up as well, according to Pew.


In 2011, 644,067 Americans experienced homelessness on any given night, according to data from the National Alliance to End Homelessness cited by NBC News. Though that number is actually down 13 percent from 2007, the decrease is largely attributed to a boost in the number of programs to help keep the homeless off the streets.

Children In Poverty

More than 16 million children -- or about 20 percent of American children -- were in poverty in 2011, according to the Census Bureau. That's up from nearly 18 percent of American children in 2007.

Home Qwnership

We're on our way to becoming a renter nation. The homeownership rate in the 12 months leading up to May 2012 was 65.4 percent, according to Census Bureau data cited by CNNMoney. That's the lowest rate in 15 years. In the last quarter of 2007, the homeownership rate was 67.8 percent.


There were 2.7 million foreclosures in 2011. That's up from 2.2 million foreclosures in 2007.

Source: HuffingtonPost