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Election 2004 How are Working Families Doing Under the Bush Administration? Print copies for distribution. PROFITS & PEOPLE |
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| People Like Them |
PROFITS |
People Like Us |
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employers dump worker benefits Corporate profits booming Since the recession officially ended in late 2001, 47 percent of the real national income growth has gone to corporate profits, and only 15 percent to wages and salaries. [Kamin and Shapiro, Center on Budget and Policy Priorities, 9/04] After-tax corporate profits as a share of the gross domestic product have reached a level not seen since 1929. [Bye-Bye Bush Boom, NY Times, 7/6/04] The combined net worth of the wealthiest Americans climbed to $1 trillion, up $45 billion in 12 months. Five of the top10 are Waltons billionaire heirs to the Wal-Mart fortune. [Forbes 400 Richest Americans, 9/24/04] |
Working
families struggling The typical familys income has fallen more than $1,500 under George W. Bush. At the same time, health costs are up nearly 50 percent, college costs are up 35 percent and gasoline is up more than 30 percent. [U.S. Census Bureau, 8/04] In 2003, 1.3 million people fell into poverty, bringing the total increase in poverty since 2000 to 4.3 million. In total, 36 million are in poverty. [U.S. Census] |
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