• About
  • Contact
  • Submit News
Saturday, June 21, 2025
No Result
View All Result
NEWSLETTER
TGE NEWS
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • Media
    • Documentaries
    • Interviews
    • Talks/Lectures
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
    • Submit News
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • Media
    • Documentaries
    • Interviews
    • Talks/Lectures
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
    • Submit News
No Result
View All Result
TGE NEWS

Poor Americans Debt Burden Highest in History

by TGE News
11 years ago
19.2k
A A
Poor Americans Debt Burden Highest in History
20.6k
SHARES
41.3k
VIEWS
FacebookTwitter
The poorest Americans now owe 156% of their pretax income to creditors, according to a new study by the Federal Reserve Bank. The poorest have more debt relative to their net worth in American history, owing $1.37 for every dollar they own.

According to the Survey of Consumer Finances, a study conducted every three years by the Fed, the average family in the lowest 25% income bracket holds around $47,000 in debt, down slightly from 2010 but up significantly from before the subprime financial crisis that wiped out a significant amount of assets held by the American lower middle class, particularly housing.

Big Mortgages, Small Stock Holdings

Total mortgage debt has increased 68% since 2007 for the poorest, with around $26,000 in outstanding mortgage debt per poor household. For most poor families, mortgage debt is significantly higher because many of the poorest Americans do not own any real estate whatsoever.

At the same time, the poorest were extremely unlikely to hold any investments at all. Of all Americans in the lowest 25% wealth bracket, only 1.6% of those surveyed held any equity investments. While stocks have rallied in recent years, with the S&P 500 more than doubling from the post-recession low and climbing 30% in 2013, most of America’s low income earners have seen no gains to their own net worth as a result.

While the poorest are unlikely to hold stocks, the average American is also unlikely to be in the stock market. Only 5.2% of Americans in the 25-49.9% wealth bracket said they held stocks, and only 11.4% of Americans in the 50-74.9% wealth bracket held stocks as well. That compares to half of the top 10% of wealthiest Americans, who said they own stocks.

All categories of Americans have less stock holdings than they did in the 2000s, as continued mistrust and skepticism of Wall Street has discouraged retail investors from participating in the equity market. In 2001, Americans in the lowest 25% wealth bracket were over three times more likely to hold shares than they are today.

Fed to Make Debt More Expensive

+ READ MORE +

0 0 votes
Article Rating
Share8258Tweet5159
Previous Post

Mainstream Globalist Propaganda Reveals East/West Conflict is a Farce

Next Post

The U.S. Has Already Completed Regime Change In Syria (1949), Iran (1953), Iraq (Twice), Afghanistan (Twice), Turkey, Libya and Other Oil-Rich Countries

TGE News

Your Source for Alternative News and Information.

Related Posts

Ian R Crane: Can you feel the Winds of Change?
Esoteric

Esoteric Del: Esoteric Banking and the Corporate Curia Connection

02/27/2025
Six Myths about Money and the Banking System
Awareness

Six Myths about Money and the Banking System

02/27/2025
The Hidden Secrets Of Money
Awareness

The Hidden Secrets Of Money

02/27/2025
Richard D. Hall: The True Reason For Debt
Economics

Richard D. Hall: The True Reason For Debt

02/27/2025
Princes of the Yen: Central Banks and the Transformation of the Economy (Full Documentary)
Documentaries

Princes of the Yen: Central Banks and the Transformation of the Economy (Full Documentary)

02/27/2025
The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives
Federal Reserve

The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives

04/10/2021
Load More
Next Post
The U.S. Has Already Completed Regime Change In Syria (1949), Iran (1953), Iraq (Twice), Afghanistan (Twice), Turkey, Libya and Other Oil-Rich Countries

The U.S. Has Already Completed Regime Change In Syria (1949), Iran (1953), Iraq (Twice), Afghanistan (Twice), Turkey, Libya and Other Oil-Rich Countries

Subscribe
Login
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Most Read

  • A List of Banks Owned by the Rothschild Dynasty

    A List of Banks Owned by the Rothschild Dynasty

    28829 shares
    Share 11529 Tweet 7206
  • The History of the ‘House of Rothschild’ (Complete)

    27736 shares
    Share 11054 Tweet 6909
  • Wikileaks Is A Rothschild Operation

    25581 shares
    Share 10232 Tweet 6395
  • Secrets Of The Elite: Why Forbes’s Rich List Doesn’t Include The Wealthiest Families On The Planet

    24955 shares
    Share 9981 Tweet 6238
  • George Soros Exposed as a Rothschild Agent in the 1990’s

    23578 shares
    Share 9430 Tweet 5894

Newsletter

Enter your email address to subscribe to our newsletter and receive notifications of new posts by email.

Join 12.4K other subscribers

Latest Posts

  • Yes, A Small Cabal Of Elites Run The World Economy & Governments!
  • How the Geoengineers Make, Amp up and Aim Superstorms
  • Protocols of the Learned Robots of Artificial Intelligentsia
  • David Straight: Awakening Seminar

Site Links

  • Donate
  • Resources
  • Sitemap
  • The Globalists

About Us

Deep independent journalism and contributions about who really controls the world that you will not see in the corporate media.

No Result
View All Result
  • About
  • Contact
  • Privacy & Terms
  • Submit News

Circa 2012 TGE NEWS.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Translate »

Add New Playlist

No Result
View All Result
  • Home
  • World
    • Business
    • Economy
    • Politics
    • Geo-Engineering
    • Environment
    • Police State
    • Foreign Policy
  • U.S.
    • Federal Reserve
  • Globalist Agenda
    • Secret Societies
    • World Order
    • The Globalists
  • Health
    • Big Pharma
    • Fluoride
    • Food
    • Gmo’s
    • Vaccines
  • Sci/Tech
    • Space
    • Trans-Humanism
  • Media
    • Documentaries
    • Interviews
    • Talks/Lectures
  • More+
    • Ancient Civilizations
    • Astrology
    • Astrotheology
    • Awareness
    • DIY
    • Esoteric
    • Free Energy
    • Hidden History
    • Infographics
    • Knowledge
    • Religion
    • Spirituality
    • Submit News

Circa 2012 TGE NEWS.

Discover more from The Global Elite

Subscribe now to keep reading and get access to the full archive.

Continue reading