December 1, 2012
The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.
According to a recent study by New York University economics professor Edward N. Wolff… the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000″ figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”
“This downbeat take on their economic situation comes at the end of a decade in which, for the first time since the end of World War II, mean family incomes declined for Americans in all income tiers,” the Pew Report stated.
August 27, 2012
President Obama’s Twitter account has 18.8 million followers — but far more than half of them really don’t exist, according to reports.
A new Web tool has determined that 70% of Obama’s crowd includes “fake followers,” The New York Times reports in a story about how Twitter followers can be purchased.
“The practice has become so widespread that StatusPeople, a social media management company in London, released a Web tool last month called the Fake Follower Check that it says can ascertain how many fake followers you and your friends have,” the Times reports.
“Fake accounts tend to follow a lot of people but have few followers,” said Rob Waller, a founder of StatusPeople. “We then combine that with a few other metrics to confirm the account is fake.”
Notes the Times:
If accurate, the number of fake followers out there is surprising. According to the StatusPeople tool, 71 percent of Lady Gaga’s nearly 29 million followers are “fake” or “inactive.” So are 70 percent of President Obama’s nearly 19 million followers.