America's richest 10% of people own 80% of America's wealth. So what is GDP of remaining 90% of population????

Question

LOOK AT BELOW

As of 1999:

+35 Million live in poverty.
45 million with no health care
Women make 30% less than men

So what is the GDP per Capita for the remaining 90% of the United States population?

Answer 1

Your stats are not current (as you stated).

The latest stats are:
richest 10% on 90% of America's wealth and 1% of that 10% own 5% of that last 10%. Another words, 1% owns 95%.

Answer 2

The figure in 2005 is 1% has 37.8% of wealth according to Census. 20% of poor are the youngest people, where 97% of the 1% are middle aged or older couples. Logically, the youngest always have the least money & the oldest have the most money. Years of education, work & investing make the most money.
My husband & I survived off of less than $250 a week about $13,000 a year when we got married, 33 years later we are in the 6 figures. We have worked hard to get there. I do not understand how the total market value of goods help in this question but it is 3.2
The Amounts you show are terrible in an individuals life but small in total numbers. Women make 75.7% to 100% of men - unfair but women like myself have often taken years off to have & raise children. It gives men a jump in income that is hard to catch.
With just hitting over 300 million mark, the 35 million in poverty & 45 million witout insurance ( the Census said 15.2%).

I hope we will continue to get better, but it can not be fixed overnight. Your question on the GDP - total market value of goods does not seem to relate to question but it is 3.2.
The medium family income is $ 72,400 & indiviual is $43,200.

Answer 3

I'm sorry Irish but your stats are off like Beach Bum said. Or maybe you were just being polite and not coming right out and saying "You Guys are Screwed"

But the concept is basic and has not changed in over 200 years.

America was founded by investors and indentured slaves. The majority of the European people that came here were broke and under contract to work for food and shelter.

Fast forward 230 years and not much has changed.


Go big Red Go

Answer 4

True enough that capitalism isn't a perfect system. There IS no perfect system. But I'll take this one where 10% of the population owns 90% than in communism where 10 PEOPLE own everyything and 99.999999999999999999999% have absolutely nothing.

Answer 5

If Michael Moore made the action picture, you are able to wager the information are faulty. despite the fact that if, via fact the precise 10 % of taxpayers pay ninety% of the taxes, it ought to be close. yet, they earned their money and that they do no longer owe the worldwide a living. many of the "wealthy" in this worldwide at present did no longer inherite their money. they worked complicated to get merely before all people else. +35 Million stay in poverty. So what, somebody has to do the grimy artwork(low paying jobs). are you keen to do it? 40 5 million without well being care (its the alternative they make, well being care or television's) women folk make 30% decrease than men (basically actual in case you dont learn like jobs. occasion: woman instructors honestly make greater effective than male instructors as an entire via fact male instructors leave the profession faster.) So what if 35 million people stay in poverty, many people pull themselves out of poverty to make a greater robust life for his or her families. My parents have been born into poverty. My mom grew to become into born throughout the time of the melancholy interior the lower back hills of Tennesse and went to college without shoes. My Father grew to become into born interior the Phillipines and plowed the rice paddies with a buffelo. the two one among them have been raised to artwork complicated and supply for his or her families and that they raised 3 babies who do a similar.

Answer 6

Isn't it great? If you work hard or get really lucky--you too can live the American dream! I'd much rather have that very opportunity than to work my @zz off and have half of mine taken away to give to Flo next door--who knows that she'll get mine and part of yours as well if she does nothing.

Answer 7

As an old man I can tell you this; when the Democrats run things I have had steak for dinner, and when the Republicans run things I have hamburger for dinner.
It is my observation that many will put idealistic rhetoric ahead of what is good for them or their families. The reality is that idealism only works in La-La land.

Answer 8

These are the same old commie lies put out by the Soviet Union in the 50's.
PLEASE UPDATE.

You must live in North Korea.

Answer 9

Unless you sit on your azz all day long, you will prosper. You will probably never become rich, but you'll be fine!

Commie!!

Answer 10

doesn't matter. seems only the top 10% count.

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note to birdsnake - if you are so sure that this information is wrong, show us where to find the correct information