In the U.S. 49.7 Million Are Now Poor, and 80% of the Total Population Is Near Poverty : Political Blind Spot

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“The talk of a recovery is exposed as nonsense by the latest real world numbers of how people are doing in this economy.”  Admin

If you live in the United States, there is a good chance that you are now living in poverty or near poverty. Nearly 50 million Americans, (49.7 Million), are living below the poverty line, with 80% of the entire U.S. population living near poverty or below it.

That near poverty statistic is perhaps more startling than the 50 million Americans below the poverty line, because it translates to a full 80% of the population struggling with joblessness, near-poverty or reliance on government assistance to help make ends meet.

In September, the Associated Press pointed to survey data that told of an increasingly widening gap between rich and poor, as well as the loss of good-paying manufacturing jobs that used to provide opportunities for the “Working Class” to explain an increasing trend towards poverty in the U.S.

Read More  In the U.S. 49.7 Million Are Now Poor, and 80% of the Total Population Is Near Poverty : Political Blind Spot.