38 minutes ago
An evem more astonishing point is the wealth distribution amognst various races. The poverty rate in the Hispanic community reached 73%! African Americans, Asians and other non-whites topped off the list, respectively. So, now it is clear that American wealth is unfairly distributed amongst social classes and, perhaps even more disturbing, race.
It's funny being an American world traveler like myself because I always get the same question, "Is everyone rich in America?" They base their information off TV shows and Hollywood films, so of course they believe all live in mansions and drive fancy cars. However, now we see that they should actually reverse the question and say, "Is everyone in America poor?"
While not everyone in the US is impoverished (yet), it sure does seem that the number will be pushing up into the 75 percentile some time soon, especially if the economy, unemployment rate and wages remain lackluster and local governments decide to cut social spending. Unfortunately, it seems that the American dream is now becoming an American nightmare for the millions of immigrants who came to this land searching for opportunity.
In conclusion, the only good news I can really pick from this data is this- Next time someone asks me if all Americans are rich, I can easily respond, "Only in the movies."
