04 January 2010

Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. - How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.

Follow up to the story yesterday about 1 in 4 children relying on food stamps to eat. This might be the reason why, oh one has to admire Wall Street and its participants grasp on reality, and the population it was created to serve. Clearly the roles have reversed.

Why? 42 percent of financial wealth is controlled by the top 1 percent. We would need to go back to the Great Depression to see such lopsided data.

Many Americans are still struggling at the depths of this recession. We have 37 million Americans on food stamps and many wait until midnight of the last day of the month so checks can clear to buy food at Wal-Mart. Do you think these people are starring at the stock market? The overall data is much worse:

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