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Homeownership at lowest level in a decade

The nation's homeownership rate is at the lowest level in more than a decade, hampered by a rise in foreclosures and weak demand for housing.

The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter, the Census Bureau said Tuesday. That's the same as the April-June quarter.

Plundering the middle class - 35 percent of American households live on $35,000 or less each year. Bailouts a success for the wealthiest 5 percent of Americans

The middle class is being slowly dismantled piece by piece. New Census data released this week highlights a continuing trend that is pushing more average Americans into a perpetual struggle to stay financially afloat. New data shows that the median household income is $50,221 in 2009 which is down from $52,029 in 2008. This drop of 3.6 percent comes at a time when many U.S. households are struggling to make payments on mortgages and more importantly, find jobs. The only group that grew their household income was for those making $180,000 or more (top 5 percent). This growing inequality gap demonstrates that this recession is actually widening the chasm between the working and upper-classes of our society.