That’s nearly 1/3 of our populace who are living in the worst economic conditions in nearly fifty years.
We haven’t seen these highs since the mid ’60s. That survey indicates the poverty level has grown from 15.1% to as high as 15.7% [since 2010], and it’s spreading at record levels to many socio-economic groups from unemployed workers, suburban families, to the poorest poor.
…More discouraged workers are giving up on the job market and unemployment aid is running out. They found that the suburbs are seeing an increase in poverty…
Those experts surveyed also predict poverty will remain above the pre-recession level of 12.5% for many more years.
It’s not encouraging any way you look at it. And if you look at near poverty, which is another measure – the next income bracket up… you’re looking at just a huge number of Americans; I think on the order of almost 100 million people are either poor or close to poor. And poor, just in case you haven’t kept up on the definition is $11,000 a year for an individual or $22,000 for a family of four.
Poverty is up 25% since President Obama took the helm, and as predicted by the survey, will continue unabated as economic conditions worsen.
There can be no economic recovery – ever – if we continue down the path we’re on:
They are responsible for the overspending and making of promises that cannot be kept and thus the stifling of the economy as a whole as resources are shifted to an infantile and futile attempt to maintain the illusion of prosperity.
Prepare for a storm, my friends, for it is coming our way.
Mac Slavo Views:
Read by 24,113 people Date: July 23rd, 2012 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.