80 percent of U.S. adults face near-poverty, unemployment, survey finds [View all]
Source: CBS
80 percent of U.S. adults face near-poverty, unemployment, survey finds
Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
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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.
"Poverty is no longer an issue of 'them', it's an issue of 'us'," says Mark Rank, a professor at Washington University in St. Louis who calculated the numbers. "Only when poverty is thought of as a mainstream event, rather than a fringe experience that just affects blacks and Hispanics, can we really begin to build broader support for programs that lift people in need."
Read more: http://www.dailykos.com/story/2014/03/27/1287049/-Half-of-America-is-POOR-says-obvious-evidence-Must-be-the-season-of-the-rich
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