The number of children in the United States considered poor rose by 1 million in 2010, the U.S. Census said Thursday, with more than one in five of the youngest Americans now living in poverty. “Children who live in poverty, especially young children, are more likely than their peers to have cognitive and behavioral difficulties, […]
Posts Tagged ‘poor’
More than 1 in 5 U.S. children poor
November 19, 2011Income for top 1 percent skyrockets by 275 percent!
October 26, 2011The Occupy Wall Street movement has made inequality a key focus of its protests, and has used the slogan, “We are the 99 percent.” We already know that the gap between rich and poor has been widening lately. But some new numbers from the Congressional Budget Office put the issue into stark relief. As the […]
Poverty in the sputtering American economy
September 22, 2011A snapshot of how Americans are faring more than two years after the recession: Americans below the poverty line in 2010: 46.2 million Last time the poverty level was this high: 1993 Poverty line in 2010: $22,314 for a family of four, or $11,139 for an individual Rough amount the poor are living on per […]
The Destruction of the American Middle Class
September 15, 2011The single biggest issue facing the United States is the destruction of the American middle class. American society is bifurcating, squeezing the middle class out of existence. The ranks of the poor and low-income earners are growing and the rich are doing just fine – and no one is talking about it, much less doing […]
Even More Americans in Poverty Than Previously Known
January 7, 2011The number of poor people in the U.S. is millions higher than previously known, with 1 in 6 Americans — many of them 65 and older — struggling in poverty due to rising medical care and other costs, according to preliminary census figures released. And government aid programs such as tax credits and food stamps […]
The gap between the rich and the middle class and the poor
December 28, 2010The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute. That’s up from the previous record of 190 times greater, which was set in 2004. Meanwhile, the average family’s net worth plunged 41% from […]
The U.S. Experiencing the Perfect Economic Storm
November 8, 2010Robert Reich, former labor secretary during the Clinton administration, writes that the country is being threatened by what he calls a “perfect storm.” The wind is blowing from three directions: The rich keep getting richer, with the top 0.1 percent of income earners making more money than the 120 million people at the bottom of […]