Knowing The Problem

Solution To Poverty

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“The problem with doing nothing is not knowing when you’re finished.”                                                                                                                                                                                                      –Benjamin Franklin

  • In 2006 there were 109.6 million U.S. households, 75.4 million were homeowners, 34.2 million were renters.  The end of 2016 there were 118.6 millions households, 75.6 million, only very slightly more than 10 years earlier,  were owners and 43 million were renters, almost 10 million more renters than in 2006.  (Source:  Census Bureau)
  • 54 percent of student loan borrowers have either defaulted or failed to pay down even $1 of principal of their outstanding debt over the last seven years.  (Source:   Department of Education)
  • In 2014, 51 percent of 30-year old Americans earned more than their parents, that is, comparing the 2014 before-tax income of children born in 1984 with that of their parents when they were 30 years old after adjusting the parents’ income for inflation.  In 1970, 92 percent of 30-year old Americans earned more than their parents.  (Source:  Trends in Absolute Income Mobility Since 1940)
  • The richest one percent of individuals in the world have a collective net worth that exceeds the collective net worth of the other 99 percent of people in the world.  (Source:  Oxfam International)