Stalin
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Four in five Americans are “economically insecure,” according to yet-unpublished data reported by the Associated Press Sunday, which shows that the vast majority of the population struggles with near-poverty and unemployment, or relies on government antipoverty programs during at least part of their lives
The figures are based on statistics compiled by Washington University professor Mark Rank, to be published next year by Oxford University Press.
The report notes that, based on the current growth rate of poverty, 85 percent of all working-age adults will experience economic insecurity at some point in their lives by 2030.
The survey defines the “economically insecure” as those who have had an income below 150 percent of the poverty line, were unemployed, or relied on antipoverty programs such as food stamps for up to a year or more.
By that definition, 79 percent of the US population qualifies as “economically insecure,” including 90 percent of nonwhites. The report notes, however, a significant rise in poverty among the white population, with 76 percent classified as economically insecure.
The report notes that among white families, pessimism about their economic prospects has hit the highest levels on records going back to 1987. The report also notes that, for the first time in 38 years, the number of “white single-mother households living in poverty with children” has surpassed or equaled the number of such African-American households.
It also added that, over the past 13 years, poverty among working class whites has grown faster than among other ethnic groups; rising from 8 to 11 percent.
While the poverty rate for nonwhites is significantly higher than for whites, the AP notes that, in absolute terms, whites numerically constitute the largest group of the poor, with 19 million white households falling below the poverty line, and making up 41 percent of the country’s population of destitute people.
more good news at http://www.wsws.org/en/articles/2013/07/29/pove-j29.html
Comrade Stalin
The figures are based on statistics compiled by Washington University professor Mark Rank, to be published next year by Oxford University Press.
The report notes that, based on the current growth rate of poverty, 85 percent of all working-age adults will experience economic insecurity at some point in their lives by 2030.
The survey defines the “economically insecure” as those who have had an income below 150 percent of the poverty line, were unemployed, or relied on antipoverty programs such as food stamps for up to a year or more.
By that definition, 79 percent of the US population qualifies as “economically insecure,” including 90 percent of nonwhites. The report notes, however, a significant rise in poverty among the white population, with 76 percent classified as economically insecure.
The report notes that among white families, pessimism about their economic prospects has hit the highest levels on records going back to 1987. The report also notes that, for the first time in 38 years, the number of “white single-mother households living in poverty with children” has surpassed or equaled the number of such African-American households.
It also added that, over the past 13 years, poverty among working class whites has grown faster than among other ethnic groups; rising from 8 to 11 percent.
While the poverty rate for nonwhites is significantly higher than for whites, the AP notes that, in absolute terms, whites numerically constitute the largest group of the poor, with 19 million white households falling below the poverty line, and making up 41 percent of the country’s population of destitute people.
more good news at http://www.wsws.org/en/articles/2013/07/29/pove-j29.html
Comrade Stalin
