Each of us might ask where we are, financially speaking, in 2009? Here are a few observations primarily from the Statistical Abstract of the United States, unless otherwise noted:
It is estimated that in 2009 there may be as many as 1.4 million personal bankruptcies filed. However, in 2003 there were 1,650,279 personal bankruptcies filed.
Back in 1953, 31.1 percent of the U.S. population lived at or below 125% of the poverty level. By 2006 that number had dropped to 16.8 percent.
In constant 2006 U.S. dollars, the median income for all families in 1949 was $39,303. By 2006 the median income for all families had grown to $78,454.
Based on the value of the 1982 dollar, the value of that dollar had fallen by more than half by 2007.
Abortion is one of the most common medical procedures undergone by women aged 15–44 in the United States and in 2005 there were an estimated 1.2 million abortions performed in the United States. This number exceeds, by a large margin, the death rate from any other cause in the U.S.
From these, and many other statistics, we may better ask, where are morally in 2009?
My conclusion is that we are consistently better off today economically than ever before. Despite the hand wringing going on about our economy, however, there should be hand wringing going on about the morality of the country. We are in a terrible state morally and should we continue in our decline, we will ultimately lose our way financially also.
Remember the words of King Benjamin in the Book of Mormon: " And now, my sons, I would that ye should remember to search them diligently, that ye may profit thereby; and I would that ye should keep the commandments of God, that ye may prosper in the land according to the promises which the Lord made unto our fathers. Mosiah 1:7