24 Scary Facts About the U.S. Economy

Crossing Wall Street (2010):
#1 Ten years ago, the United States was ranked number one in average wealth per adult. In 2010, the United States has fallen to seventh.

#3 In the 2009 “prosperity index” published by the Legatum Institute, the United States was ranked as just the ninth most prosperous country in the world. That was down five places from 2008.

#7 According to a new study conducted by Thompson Reuters, China could become the global leader in patent filings by next year.

#10 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#18 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.

#22 Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95 percent of its purchasing power.