Black America’s 2011 Economic Challenge:
Posted on 16. Nov, 2011 by citizen in Bill's Business

According to CBO, the nation’s top one percent of household income more than tripled during these years, while middle class households either slipped into poverty or barely held on to their standard of living.
Overcoming income inequalities through better consumer choices
By Charlene Crowell
NNPA Columnist
The agency mandated to provide Congress with impartial, non-partisan and timely analyses seldom makes headline news. But this week when the Congressional Budget Office (CBO) released findings on its analysis of the nation’s income inequalities from a 30-year review (1979-2007), media coverage exploded.
After assessing the net income shares of people in 525 cities and towns, the agency’s top-line finding was reminiscent of lines from a Broadway production, “There’s no shame in being poor – but it’s no great honor either.”
According to CBO, the nation’s top one percent of household income more than tripled during these years, while middle class households either slipped into poverty or barely held on to their standard of living. Middle class income earners representing 60 percent of the population accounted for only 40 percent of after-tax household income. And among America’s lowest earning workers – about 20 percent of the population, the growth in average real after-tax household income was only 18 percent.
In part the report advised, “The rapid growth in average real household income for the one percent of the population with the highest income was a major factor contributing to the growing inequality in the distribution of household income between 1979 and 2007. Shifts in government transfers and federal taxes also contributed to the increase in inequality.”
A plain English translation of this finding seems to be that the 30-year span of trickle-down economics at work has not brought a drop of prosperity to 99 percent of the nation. No wonder the nation has seen a groundswell of demonstrators referring to themselves as the ‘99ers’.
Charlene Crowell is a communications manager with the Center for Responsible Lending. She can be reached at: Charlene.crowell@responsiblelending.org
48 Responses to “Black America’s 2011 Economic Challenge:”
Trackbacks/Pingbacks
-
-
March 1, 2012
… [Trackback]…
[...] Find More Informations here: thechicagocitizen.com/bills-business/black-america’s-2011-economic-challenge-2/ [...]…
-
-
March 2, 2012
… [Trackback]…
[...] Find More Informations here: thechicagocitizen.com/bills-business/black-america’s-2011-economic-challenge-2/ [...]…
-
-
March 3, 2012
Sources…
[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]……
-
-
March 4, 2012
Websites worth visiting…
[...]here are some links to sites that we link to because we think they are worth visiting[...]……
-
-
March 6, 2012
Surfing around…
While I was browsing today I noticed a excellent post about…
-
-
March 6, 2012
News info…
I was reading the news and I saw this really interesting information…
-
-
March 7, 2012
Sources…
[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]……
-
-
March 7, 2012
Blogs ou should be reading…
[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]……
-
-
March 7, 2012
Sources…
[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]……
-
-
March 7, 2012
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
-
-
March 7, 2012
Related……
[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]……
-
-
March 7, 2012
Visitor recommendations…
[...]one of our visitors recently recommended the following website[...]……
-
-
March 7, 2012
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
-
-
March 7, 2012
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
-
-
March 7, 2012
Gems form the internet…
[...]very few websites that happen to be detailed below, from our point of view are undoubtedly well worth checking out[...]……
-
-
March 8, 2012
Awesome website…
[...]the time to read or visit the content or sites we have linked to below the[...]……
-
-
March 8, 2012
Carlsbad Plumber…
[...]while the websites we link to below are not related to us, but are worth seeing[...]…
-
-
March 8, 2012
You should check this out…
[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]……
-
-
March 8, 2012
Websites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
-
-
March 8, 2012
Visitor recommendations…
[...]one of our visitors recently recommended the following website[...]……
-
-
March 8, 2012
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
-
-
March 8, 2012
Cool sites…
[...]we came across a cool site that you might enjoy. Take a look if you want[...]……
-
-
March 8, 2012
Cool sites…
[...]we came across a cool site that you might enjoy. Take a look if you want[...]……
-
-
March 8, 2012
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
-
-
March 8, 2012
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
-
-
March 8, 2012
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
-
-
March 9, 2012
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
-
-
March 9, 2012
Sites we Like……
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……
-
-
March 9, 2012
Blogs ou should be reading…
[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]……
-
-
March 9, 2012
Wood Decks Contractor…
[...]we like to connecting. Below are some websites worth going to[...]…
-
-
March 9, 2012
Awesome website…
[...]the time to read or visit the content or sites we have linked to below the[...]……
-
-
March 9, 2012
Websites we think you should visit…
[...]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[...]……
-
-
March 10, 2012
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
-
-
March 11, 2012
… [Trackback]…
[...] Read More here: thechicagocitizen.com/bills-business/black-america’s-2011-economic-challenge-2/ [...]…
-
-
March 12, 2012
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
-
-
March 12, 2012
Links…
[...]Sites of interest we have a link to[...]……
-
-
March 13, 2012
Trying to improve your alexa rank…
I’ve had best results with websitetrafficconnection.com. If you are an affiliate marketer like me then paid traffic can boost your web performance . You have to divert the traffic to the sites you are affiliated with….
-
-
March 13, 2012
Electronic…
[...]we prefer to honor many other internet web sites on the internet, even when they aren’t linked to us, by linking to them….
-
-
March 13, 2012
Psycholog gorzów…
Psycholog gorzów…
-
-
March 13, 2012
[...]we {like to|prefer to} honor {many|numerous|several|a lot of|quite a few|lots of} other {internet|web|world wide web|net|world-wide-web|online} {sites|websites|web sites|internet sites|web-sites|web pages} {on the|around the} {web|internet|net},…
[...]Here are some of the web-sites we suggest for our visitors[...]…
-
-
March 14, 2012
… [Trackback]…
[...] Read More here: thechicagocitizen.com/bills-business/black-america’s-2011-economic-challenge-2/ [...]…
-
-
March 15, 2012
[...]check {below|beneath}, are some {totally|completely|entirely|absolutely} unrelated {websites|web sites|internet sites|sites|internet websites|web-sites} to ours, {however|nevertheless|nonetheless|even so|on the other hand|having said that}, {the…
[...]one of our visitors lately recommended the following website[...]…
-
-
March 15, 2012
Websites we think you should visit…
[...]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[...]……
-
-
March 15, 2012
Good news…
[...]Good article! We are linking to this great content on our website. Keep up the great writing.[...]…
-
-
March 16, 2012
Dreary Day…
It was a dreary day here yesterday, so I just took to piddeling around on the internet and realized…
-
-
March 16, 2012
Thanks a lot…
Hey, Thanks for your post, it seems that you know what are you doing. I’ll be looking forward for your next post….
-
-
March 16, 2012
Websites worth visiting…
[...]here are some links to sites that we link to because we think they are worth visiting[...]……




After you select your own low cost hosting business, you’re not kept in using them permanently. It’s with relative ease to advance your site to a different service provider, and there Vps Hosting Reviews needs to be small recovery time, so maybe the point is moot. Nevertheless, you can prevent having to go by way of all of that trouble when you purchase the internet hosting plan wises.