America's Poor Keeps Multiplying!!

Posted in the China Forum

THE WEST IS DYING

Brooklyn, NY

#1 Jan 16, 2013
Last year saw 200,000 more low-income families in U.S.-report

* Despite jobs, more families can't pay basic expenses

* Analysis: U.S. South, West most affected

By Susan Heavey

WASHINGTON, Jan 15 (Reuters)- The number of U.S. families struggling with poverty despite parents being employed continued to grow in 2011 as more people returned to work but mostly at lower-paying service jobs, an analysis released on Tuesday shows.

More working parents have taken jobs as cashiers, maids, waiters and other low-wage jobs in fast growing sectors that offer fewer hours and benefits, according to The Working Poor Project, a privately funded effort aimed at improving economic security for low-income families.

The result is 200,000 more such working families - the so-called "working poor" - emerged in 2011 than in 2010, according to the report, based on analysis of the most recent U.S. Census Bureau data.

About 10.4 million such families - or 47.5 million Americans - now live near poverty, defined as earning less than 200 percent of the official poverty rate, which is $22,811 for a family of four.

Overall, nearly one-third of working families now struggle, up from 31 percent in 2010 and 28 percent in 2007, when the recession began, according to the analysis.

"Although many people are returning to work, they are often taking jobs with lower wages and less job security, compared with the middle-class jobs they held before the economic downturn," the report said.

"This means that nearly a third of all working families ... may not have enough money to meet basic needs."

The findings come three years after the nation's recession officially ended in the second half of 2009.

Brandon Roberts, co-author of the report, said the results were somewhat of a surprise after Census officials last year said the U.S. poverty rate had stabilized.

"As the economy has improved one would expect that the benefits of that improvement would to some extent tie to these low-income families, and we'd see a decrease or at least a stabilization in the numbers," said Roberts, whose project is funded by four groups, including the Annie E. Casey Foundation and the Ford Foundation, and focuses on state policies.

"But the reality, the data show that the benefits of - even though it's modest economic growth - it's not going to these low-income families," he added.

The group's analysis adds to the body of data focused on the slipping U.S. middle class even as there are signs of the nation's economy slowly coming back to life with improvements in the housing sector and lower unemployment rate.

For some Americans, the comeback has yet to begin.

Data showed that the top 20 percent of Americans received 48 percent of all income while those in the bottom 20 percent got less than 5 percent, the report said.

The analysis also found regional differences.

States in the South, such as Georgia and South Carolina, and those in the West, such as Arizona and Nevada, had the greatest increase in the number of working poor. The increase was slower in the Mid-Atlantic and Northeast.

"It's important to draw attention to the fact that there are real families behind those statistics," said Alan Essig, who heads the Georgia Budget and Policy Institute, adding that his state is still struggling with housing and unemployment.
SHEEPLE

Brooklyn, NY

#2 Jan 16, 2013
Who cares about food and shelter? They have democracy!

ROFL!
ASIA AFRO LATIN MID EAST

United States

#3 Jan 20, 2013
60 Facts that Prove the Middle-Class is being wiped out.
http://thetruthwins.com/archives/the...-that-...
Excerpt from the blog:
#1 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.
#2 As the middle class shrinks, more Americans than ever have been forced to become dependent on the federal government. Federal spending on welfare programs has reached nearly a trillion dollars a year, and that does not even count Social Security or Medicare. Welfare spending is now 16 times larger than when the "war on poverty" began.
#3 Median household income in the U.S. has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span.
#4 The U.S. economy continues to trade good paying jobs for low paying jobs. 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.
#5 The number of Americans living in poverty has increased by more than 15 million since the turn of the century.
#6 The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.
#7 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.
#8 According to the Pew Research Center, 61 percent of all American households were "middle class" back in 1971. Today, that figure has fallen to 51 percent.
#9 In the United States today, 35 percent of all households live on $35,000 or less each year.
#10 One recent survey discovered that 85 percent of all middle class Americans believe that it is harder to maintain a middle class standard of living today than it was 10 years ago.
#11 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.
#12 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.
#13 In 1989, the debt to income ratio of the average American family was about 58 percent. Today it is up to 154 percent.
#14 Total U.S. household debt grew from just 1.4 trillion dollars in 1980 to a whopping 13.7 trillion dollars in 2007. This played a huge role in the financial crisis of 2008, and the problem has still not been solved.
#15 While debt loads for middle class families are going up, the net worth of those same families is going down. According to the Federal Reserve, the median net worth of families in the United States declined "from $126,400 in 2007 to $77,300 in 2010".
#16 The percentage of working age Americans with a job has been below 59 percent for 40 months in a row.
#17 Today there are about 3.25 million Americans that say that they want a job but that have not searched for a job in more than a year because they believe that it is so hopeless.
#18 When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.
#19 The unemployment rate for African-Americans rose dramatically from 13.2 percent in November to 14.0 percent in December.
#20 The unemployment rate for Americans in the 18 to 29 year-old age bracket is 11.5 percent overall. For African-Americans in that age group, the unemployment rate is now up to 22.1 percent. Millions of young people believe that the system has totally failed them.
ASIA AFRO LATIN MID EAST

United States

#4 Jan 20, 2013
#21 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.
#22 Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.
#23 Today, approximately 25 million American adults are living with their parents.
#24 According to the Tax Policy Center, the recent fiscal cliff deal will raise taxes more for those making between $30,000 and $200,000 a year than it will for those making between $200,000 and $500,000 a year.
#25 According to a Gallup survey, only 60 percent of all Americans say that they have enough money to live comfortably.
#26 One recent survey found that 63 percent of all Americans believe that the U.S. economic model is broken.
#27 Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.
#28 Consumer debt in America has risen by a whopping 1700 percent since 1971.
#29 There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
#30 The average American household spent approximately $4,155 on gasoline during 2011, and electricity bills in the U.S. have risen faster than the overall rate of inflation for five years in a row.
#31 According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.
#32 Health insurance costs have risen by 23 percent since Barack Obama became president. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.
#33 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.
#34 According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.
#35 The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.
#36 The United States has lost more than 56,000 manufacturing facilities since 2001.
#37 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.
#38 In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million.
#39 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
#40 Since 2000, U.S. multinational corporations have eliminated 2.9 million jobs in the United States and have added 2.4 million jobs overseas.
ASIA AFRO LATIN MID EAST

United States

#5 Jan 20, 2013
#41 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.
#42 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.
#43 At this point, one out of every four American workers has a job that pays $10 an hour or less. If that sounds like a high figure, that is because it is. Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.
#44 According to the Pew Research Center, only 23 percent of all American workers believe that they have enough money to get them through retirement.
#45 According to the Economic Policy Institute, the wealthiest one percent of all Americans households on average have 288 times the amount of wealth that the average middle class American family does.
#46 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#47 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
#48 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.
#49 At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.
#50 The United States now ranks 93rd in the world in income inequality.
#51 The average CEO now makes approximately 350 times as much as the average American worker makes.
#52 Corporate profits as a percentage of GDP are at an all-time high. Meanwhile, wages as a percentage of GDP are near an all-time low.
#53 Today, 40 percent of all Americans have $500 or less in savings.
#54 One recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.
#55 Shockingly, at this point 48 percent of all Americans are either considered to be "low income" or are living in poverty.
#56 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."
#57 According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government. Back in 1983, that number was less than 30 percent.
#58 According to U.S. Census data, 57 percent of all American children live in a home that is either considered to be "poor" or "low income".
#59 For the first time ever, more than a million public school students in the United States are homeless.
#60 According to a stunning new Gallup survey, 65 percent of all Americans believe that 2013 will be a year of "economic difficulty".
Read more: http://forums.kffl.com/threads/302373-60-Fact...
Filmalay

France

#6 Jan 20, 2013
America's poor keeps multiplying because America keeps outsourcing American jobs to other countries leaving millions of Americans still jobless.
Filmalay

France

#7 Jan 20, 2013
In addition,China is killing lots of American businesses by dumping their super low quality cheap products in the United States.
ASIA AFRO LATIN MID EAST

United States

#8 Jan 20, 2013
Filmalay wrote:
In addition,China is killing lots of American businesses by dumping their super low quality cheap products in the United States.
Corrupted US spend so much money on Wars overseas that they don't put money into rebuilding its own US decrePIT infurstructure, not job development or into education...

US owes many trillion US dollar to China, caribbean banking NAtions, Singapore...
ASIA AFRO LATIN MID EAST

United States

#10 Jan 20, 2013
How many Americans are on welfare?

Around 50.1 million.

In September 2009, around 4 million Americans were served by a state cash-assistance or welfare program, more than 37 million received federal food stamps and about 9.1 million received unemployment benefits. If treated as exclusive numbers, there would be a total of 50.1 million Americans who received federal aid in September 2009. This data is based on a report published in USA today in January 2010.
ASIA AFRO LATIN MID EAST

United States

#11 Jan 20, 2013
Our USA Low-Wage Recovery: How McJobs Have Replaced Middle Class Jobs ...
When we think about what the economy has lost since the Great Recession, we tend to consider it in terms of simple addition and subtraction. We said goodbye to more ...
www.theatlantic.com/.../08/our-low...replaced... - Lagret i buffer
RayH

Shenzhen, China

#12 Jan 21, 2013
That's too bad. Good while it lasted.
Snowflake

San Francisco, CA

#13 Jan 21, 2013
How many Flips are poor? 90%.
CHINA WILL RULE

Brooklyn, NY

#14 Jan 21, 2013
SHEEPLE wrote:
Who cares about food and shelter? They have democracy!
ROFL!
Good One!
ASIA LATIN AFRO MID EAST

United States

#15 Jan 22, 2013
The Dust Bowl, stock market crash and Great Depression resulted in the deaths of an estimated 7.5 million Americans. The natural and unnatural events had one major result, removing millions of Homesteaders, American Indians and freed slaves off the petroleum rich Great Plains during the largest oil boom in US history.

The first section describes why and how, the most catastrophic environmental event in human history goes un-narrated and unknown to most Americans and the worlds population, and incorporates the political, social and religious motives.

Section two, will cover an investigation of the Dust Bowl, the oil rich lands of the Great Plains, Great Depression, and expose the leaders which forced the incident and pursuing Holocaust.

The third section, will describe how the stock market was crashed in 1929 and its similarity to the 2008 stock market crash.

The forth section will explore historical events connecting the American Dust Bowl to a global cooling trend, felt around the world.

The conclusion will involve an exploration into earths environment, ecosystems and climate to extract the natural causes of the Dust Bowl.

http://fromthetrenchesworldreport.com/america...
RayH

Shenzhen, China

#16 Jan 23, 2013
In 2004, China surpassed U.S. in Gini Index. Today, it's back to U.S. surpassing China in this.
Uh HUh

Brooklyn, NY

#17 Jan 24, 2013
The West is dying. How sad.
Snowflake

San Francisco, CA

#18 Jan 24, 2013
Economists in Wall St. says the Chinese can virtually have 8% growth for decades to come, how can this be possible, the business cycle theory need to be revised. This means that China will definitely be the #1 economy in the world by 2016 not 2030 as some have thought. By 2020 I predict they will be the world's #1 military also. China right now have four major weapons that are world class--- HongQi-9, DF-41 OCBM, Julang-2 and the Quantum dot laser. Many of their military futuristic weapons will become reality by 2020. Their high performance jet engines will be in play and off the ground by sooner than we think.
ASIA LATIN AFRO MID EAST

United States

#19 Jan 24, 2013
US corrupted Leaders Policy like FTAA, NAFTA, and US fed. US wall Street mAcroeconomic global warfare... is also ruining Americans economic and Financial wellbeing and lives worldwide. Paradoxically Ironic and and here our dumb , stupid ,racist -and those Americans/westerner bashing bullying, bashing and warring on other nations and China, get it back in droves , Karma.
ASIA LATIN AFRO MID EAST

United States

#20 Jan 24, 2013
Add < the Dumb zombie like Americans need to wake up and stop hitting on other nations , as you own corrupted/greedy US leaders in power gave you the middle Finger. paradoxically Ironic! Pity these our Americans/westerners LOL!

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