TV News LIES

Monday, Nov 24th

Last update08:04:16 AM GMT

You are here News Economy 29 Amazing Stats Which Prove That The Rich Are Getting Richer And The Poor Are Getting Poorer

29 Amazing Stats Which Prove That The Rich Are Getting Richer And The Poor Are Getting Poorer

E-mail Print PDF

Just take a look at banking.  The "too big to fail" banks just keep getting bigger and bigger. Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets.  Today, the top 10 U.S. banks control 77 percent of all U.S. banking assets.

If you can believe it, the "big six" U.S. banks (Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo) now control assets equivalent to approximately 60 percent of America's gross national product.

But this isn't just the case in the financial world.  The truth is that wherever you look big corporations are getting bigger.  This has caused our economy to become very highly centralized, and these monolithic entities are basically gigantic magnets that suck up as much wealth and power as they can.

Meanwhile, life is getting really tough for the "average joe" on the street.

The following are 29 amazing stats that prove that the rich are getting richer and the poor are getting poorer in America....

More...


Most Recent Related Stories...


How Executive Ended Up With $196 Million in an IRA

IRA investmentCorporate and private-equity executives can accumulate millions of dollars in tax-favored retirement accounts, taking advantage of...

JPMorgan Settles Claims It Cheated Shale-Rights Owners

JP MOrgan ChaseJPMorgan Chase & Co. (JPM) settled a lawsuit by mineral-rights owners who accused the bank of...

Seven big US corps pay CEOs more than they hand Uncle Sam in taxes

CiticorpSeven of the 30 largest American corporations paid more money to their chief executive officers last...

Regulators fine global banks in currency probe

Global banks finedU.S., British and Swiss regulators fined five global banks more than $3 billion for attempting to...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!