Exclusive: 4 in 5 in US face near-poverty, no work

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    Exclusive: 4 in 5 in US face near-poverty, no work






    Entire article at:
    Exclusive: 4 In 5 In US Face Near-Poverty, No Work : NPR

    By HOPE YEN, Associated Press


    WASHINGTON 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.
    The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.


    As nonwhites approach a numerical majority in the U.S., one question is how public programs to lift the disadvantaged should be best focused on the affirmative action that historically has tried to eliminate the racial barriers seen as the major impediment to economic equality, or simply on improving socioeconomic status for all, regardless of race.
    Hardship is particularly growing among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor."


    "I think it's going to get worse," said Irene Salyers, 52, of Buchanan County, Va., a declining coal region in Appalachia. Married and divorced three times, Salyers now helps run a fruit and vegetable stand with her boyfriend but it doesn't generate much income. They live mostly off government disability checks.


    "If you do try to go apply for a job, they're not hiring people, and they're not paying that much to even go to work," she said. Children, she said, have "nothing better to do than to get on drugs."
    While racial and ethnic minorities are more likely to live in poverty, race disparities in the poverty rate have narrowed substantially since the 1970s, census data show. Economic insecurity among whites also is more pervasive than is shown in the government's poverty data, engulfing more than 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by the Oxford University Press.


    The gauge defines "economic insecurity" as a year or more of periodic joblessness, reliance on government aid such as food stamps or income below 150 percent of the poverty line. Measured across all races, the risk of economic insecurity rises to 79 percent.

    Marriage rates are in decline across all races, and the number of white mother-headed households living in poverty has risen to the level of black ones.

    "It's time that America comes to understand that many of the nation's biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position," said William Julius Wilson, a Harvard professor who specializes in race and poverty. He noted that despite continuing economic difficulties, minorities have more optimism about the future after Obama's election, while struggling whites do not.

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    the current US post-industrial economy is designed for maximum profit by the owners of production and unproductive investments by capital, sustainability isn't even a factor and that's the major problem.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    I cannot ever remember in my lifetime a time when so many people are facing the ruin of the American dream like they are now.

    .

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    the expansion of credit to substitute wages has run it's course. the only thing that staved off the economy of today is the decade of growth during the tech sector/Internet boom and there is nothing like that coming on the horizon.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Quote Originally Posted by Bowden View Post
    I cannot ever remember in my lifetime a time when so many people are facing the ruin of the American dream like they are now.

    .
    there is also a great deal of people that are living in delusion because they think that the wealth they have accumulated in stocks, etc. is going to be worth something when it comes time for them to retire in 20-30 years. so many large US firms have negative equity, it's all been replaced with debt and the books cooked with off balance sheet reporting.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    I have a net worth of about negative (-) $85,000.00.

    Maybe I'll break even before I die.
    Last edited by ROID; 07-28-2013 at 04:32 PM.
    " A cookie without sugar is just a cracker" ~ ancient voodoo proverb
    "A man with infinite patience is never left waiting."~ROID's past incarnation

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