-US Total Debt: $57 Trillion, and so on.

Posted: April 9, 2009 in 2009, Articles, Timeless
Tags: ,

America’s Total Debt

Must Read: Grandfather Economic Report

Inflation Nightmare

And so on:

See also: The Great Consumer Crash of 2009

So where does all the money go?!?

One way to ‘see’ the distribution of wealth in the U.S. is to imagine a group of 100 people who have a $100 between them. Evenly distributed each would have one dollar of wealth. Alas, that is far from the actual distribution. According to the most recent study, Currents and Undercurrents, by the Survey of Consumer Finance (Federal Reserve, Department of Treasury, 2006) wealth is distributed accordingly:

50 individuals at the bottom have a nickel. ($0.05 times 50 = $2.50)

The next 40 each have $0.70 of wealth (40 times $0.70 – $28.00).

The next 9 each have $4.00 of wealth (nine times $4.00 = $36.00)

The last richest individual has $33.40 (one time $33.40).

Combined, you have $100.00.

But wait, there’s more:

First Baby Boomer Files For Social Security Benefits … (Now entering the $50 Trillion hole)

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