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Tuesday, July 30, 2013

0Ground Breaking Report: 4 In 5 Live in Poverty In America

A recent report has made some shocking revelations - it appears four out of five adults in the US struggle with unemployment, near-poverty and rely heavily on welfare measures for a part of their lives.
President Barack Obama is probably alive to the problems and has, therefore, said in his recent speeches that his highest priority is to rebuild 'ladders of opportunity' in order to reverse the income inequality and bridge the gap between the rich and the poor.
The picture that emerges from the study is far from rosy in a country where the population of non-whites is gradually on the rise.
In one of the most recent polls by AP-GfK, 63 percent of whites have labelled the economy as 'poor'.
Facts speak for themselves - the count of America's poor remains stuck at a record number: 46.2 million, or 15 percent of the population - this is believed to be due to lingering high unemployment following the recession.
Number-wise, the poverty rates for blacks and Hispanics are nearly three times higher, but the predominant face of the poor is white.
More than 19 million whites are reported to be below the poverty line of $23,021 for a family of four - this is more than 41 percent of the nation's destitute and nearly double the number of poor blacks.
Conclusion - the study predicts that by 2030, based on the current trend of widening income inequality, close to 85 percent of all working-age adults in the U.S. will experience bouts of economic insecurity.
The official definition of 'economic insecurity' is a year or more of periodic joblessness, reliance on government aid such as food stamps or income below 150 percent of the poverty line.
As indicated by Mark Rank, a professor at Washington University in St. Louis who calculated the numbers, 'poverty is no longer an issue of `them', it's an issue of `us'.
In his opinion, poverty should be considered a mainstream event, rather than a fringe experience that just affects blacks and Hispanics - then only can the authorities build broader support for programs that lift people in need.
These, undoubtedly, are not good signs as far as the fulfillment of an American dream is concerned, rather it reveals the hitherto unexplored underbelly of the American society and can be said to be a reflection of the deteriorating economic security.
Source : foxnews.com
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