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Showing Original Post only (View all)Half of Americans Are Effectively Poor Now. What The? [View all]
https://eand.co/half-of-americans-are-effectively-poor-now-what-the-c944c518db6aAmericas Collapsing Because its the Worlds First Poor Rich Country
There are days I feel like I read dystopian statistics for a living. And then there are day when the dystopian statistics take even my jaded breath away. Heres one: 43% of American households cant afford a budget that includes housing, food, childcare, healthcare, transportation, and a cellphone. Translation: nearly half of Americans cant afford the basics of life anymore.
<snip>
The folks that did the study above call this new class of people ALICE, for asset limited, income constrained, employed. Its a sharp way to think about American collapse. Let me translate this term, too: the people formerly known as the American middle class.
<snip>
Now, you might object. Are Americans really becoming poor? What else would you call people that struggle to afford food, housing, childcare, and healthcare? You cant call them rich, and you cant call them middle class. They are poor in the sense that they are deprived of the basics of life, and deprivation is what poverty is. Even far poorer countries, Id wager, dont have such dire outcomes bigger percentages can afford the basics because medicine or rent or childcare in Pakistan or Nigeria doesnt cost so relatively much. Americans are indeed growing effectively poorer and poorer now and it shows in their depression, stress, anger, rage, anxiety, falling longevity and health, not to mention classic turn towards authoritarianism.
<snip>
But its a new kind of poverty too or at least one unseen since the Weimar Republic, really. Its the poverty of decline, degeneration, decay. Its the poverty of a middle class becoming a new poor. Its the reversal of an upwards trajectory not the failure to launch. Its people who expected to live better and better lives finding themselves in the grim, unfamiliar predicament of never being able to reach them, no matter what they do. Except maybe sell out and become one of the predators. What happens when that takes place? Something strange, something difficult, something paradoxical and backwards.
<snip>
American poverty a middle class falling into ruin, the majority of people now effectively poor is what gave rise to todays problems: Trumpism, extremism, fascism, theocracy. Its what drives religious fervour save me, someone! Its what ignites the spark of racial hatred all over again.
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https://eand.co/half-of-americans-are-effectively-poor-now-what-the-c944c518db6a
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
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But, the stock market is at an all-time high, employment is the highest it's been in 50 years,
sop
Jun 2019
#4
Sorry to hear this regarding your situation. I just talked to a friend in his 50s, same predicta-..
SWBTATTReg
Jun 2019
#19
Good. Creeps deserved it (getting screwed). It is hard to combat. Got to prove it ...
SWBTATTReg
Jun 2019
#36
Shaking my head in sadness. It's too bad that you couldn't have taken a prolonged leave of leave...
SWBTATTReg
Jun 2019
#37
I suspected as much...a very difficult place to be...my best friend is an only child and he went...
SWBTATTReg
Jun 2019
#40
Trend that will continue until we can get Faux Noise Faithful to wake up to the facts that
lambchopp59
Jun 2019
#13
Yet we are constantly barraged with media accounts of how great the stock market is doing.
Snarkoleptic
Jun 2019
#14