Here are some sobering facts!
- The 1950s economy was robust. From the decade’s start to its end, it grew by almost 40 percent; unemployment dropped to 4.5 percent; and families saw a 320 percent boost in their purchasing power. (Time Magazine)
- Today’s economy has been called rigged against the middle class. During the recovery from the 2008 recession, income increased 31 percent for the top 1 percent but just 0.4 percent for 99 percent of Americans. (Time Magazine)
- The median household income in 83 percent of the most densely populated metropolitan areas in the U.S. (190 of 229 urban areas representing 75 percent of our nation’s population) declined between 1999 and 2014 after adjusting for inflation. (Pew Research Center)
- More than 46 percent of Americans surveyed do not have $400 set aside in cash to cover an emergency expense and would have to sell an asset or borrow the $400 to cover the expense. (Federal Reserve)
- The nation’s “general fertility rate” (the number of births per 1,000 women aged 15-44) fell to 62.5 births in 2015, the lowest number ever recorded in the U.S. The number of births in the country in 2015, just +0.5 percent greater than the 3.96 million that occurred in 1999. (National Center for Health Statistics)
Educational opportunity for the underrepresented can change circumstances for low-income Americans. Horizonte, Salt Lake City School District’s alternative high school and adult education center, is providing adults who return to high school, immigrants and refugees opportunity to earn their high school diploma and qualify for applied tech and college privately funded, renewable scholarships. That’s facilitating the making, in the short-term, of many new middle class Americans–the best and quickest to solution to poverty.