February 1, 2006

How the economy is working

Median and Mean Income: Lower
In 2000 the median Income was $46,058 the mean was $62,671
In 2004 the median income was $44,389 the mean was $60,528

Unemployment: Higher
Unemployment in 2000: 4%
Unemployment in 2005: 5.1%
(The labor force participation rate has dropped from approximately 67% in 2000 to approximately 66% in 2005).

People in Poverty: Higher
Number and percentage of Americans Living in Poverty in 2000: 278,944, 11.3%
Number and percentage of Americans Living in Poverty in 2004: 290,605, 12.7%

Number and percentage of those uninsured: Higher
2000 39.8 million 14.2%
2004 45.8 million 15.7%

Americans' personal savings rate dipped into negative territory in 2005, something that hasn't happened since the Great Depression.

While most Americans are worse off and all of the major stock indexes have actually lost money, not everyone is worse off.

For example, Haliburton's Stock Price has doubled.
Exxon Mobil just reported the largest profit ever for a US company and its stock price has increased by over 60%.

Americans with an income exceeding $1,000,000 can look forward an average Bush tax decrease of = $109,415 in 2006.

Posted by duver001 at February 1, 2006 11:42 AM