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Poverty in America
The numbers game-both statements are
1) The AVERAGE
income in the United States is $72,000 per year
55% of the citizens of the United States have an annual income of less
than $22,000 per year
The reason is very simple, when you
combined the income of Bill Gates, Warren Buffet and all of the other
wealthy people WITH the income of a farm labour is will AVERAGE out to
$72,000 per year
America's middle class: Poorer
than you think
Luhby @Luhby June 13, 2014: 11:11 AM ET
SHARES7K1K358392NEW YORK (CNNMoney)
Americans. That's our global reputation.
numbers seem to back it up. Americans' average wealth tops
$301,000 per adult, enough to rank us fourth on the latest
Credit Suisse Global Wealth report.
figure doesn't tell you how the middle class American is doing.
Americans' median wealth is a mere $44,900 per adult -- half
have more, half have less. That's only good enough for 19th
place, below Japan, Canada, Australia and much of Western
"Americans tend to think of their middle class as being the
richest in the world, but it turns out, in terms of wealth, they
rank fairly low among major industrialized countries," said
Edward Wolff, a New York University economics professor who
studies net worth.
To read more, click here.
Hunger & Poverty
Although related, food insecurity and poverty
are not the same. Unemployment rather than poverty is a stronger
predictor of food insecurity.
- In 2012,
46.5 million people (15.0 percent) were in poverty.
- In 2012,
26.5 million (13.7 percent) of people ages 18-64 were in poverty.
- In 2012,
16.1 million (21.8 percent) children under the age of 18 were in
- In 2012,
3.9 million (9.1 percent) seniors 65 and older were in poverty.
overall poverty rate according to the Supplemental Poverty Measure
is 16.1%, as compared with the official poverty rate of 15.1%.
- Under the
Supplemental Poverty Measure, there are 49.7 million people living
in poverty, 3.1 million more than are represented by the official
poverty measure (46.5 million).
To Read more,
rates surge in American suburbs
When President Johnson declared a
"War on Poverty" fifty years ago, images of American poverty
focused on the inner-city and rural poor. What is the state of
American poverty today? Megan Thompson reports on the less
visible but growing number of poor in America's suburbs.
Wage Crisis - The USA's new underclass
Economic hardship in the world's biggest
AMERICANS WILL FACE NO JOBS, POVERTY AND NO ECONOMIC RECOVERY
Street, gold price and US finance to conspiracies, latest global
news, Alex Jones, Gerald Celente, David Icke Illuminati, a
potential World War 3, Elite government cover - ups and much
more, Bigeyenews is the place to be.
Four out of five US adults come to grips with joblessness,
near-poverty or reliance on welfare for at least some parts of
their lives. Over 41 percent of the nation's poor are whites,
according to a new report.
In 2011, 46.2 million people in the US were living in poverty
and the nation's official poverty rate was 15 percent, up from
14.3 percent in 2009, according to the US Census Bureau. That
figure appears to be the highest number seen in the 52 years for
which poverty estimates have been recorded.
To read more, click here
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