21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind
Posted on November 4th, 2015

By Michael Snyder Information Clearing House

November 03, 2015 “Information Clearing House” – “The Economic Collapse” –   What you are about to see is more evidence that the growth of poverty in the United States is wildly out of control.  It turns out that there is a tremendous amount of suffering in the wealthiest nation on the planet”, and it is getting worse with each passing year.  During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true?  As you will see below, poverty is reaching unprecedented levels in this country, and the middle class is steadily dying.  There aren’t enough good jobs to go around, dependence on the government has never been greater, and it is our children that are being hit the hardest.  If we have this many people living on the edge of despair now, while times are good”, what are things going to look like when our economy really starts falling apart?  The following are 21 facts about the explosive growth of poverty in America that will blow your mind…

#1 The U.S. Census Bureau says that nearly 47 million Americans are living in poverty right now.

#2 Other numbers from the U.S. Census Bureau are also very disturbing.  For example, in 2007 about one out of every eight children in America was on food stamps.  Today, that number is one out of every five.

#3 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled $2.00 a Day: Living on Almost Nothing in America, there are 1.5 million ultrapoor” households in the United States that live on less than two dollars a day.  That number has doubled since 1996.

#4 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

#5 The number of homeless children in the U.S. has increased by 60 percent over the past six years.

#6 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.

#7 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an epidemic”.

#8 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.

#9 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.

#10 According to a report that was published by UNICEF, almost one-third of all children in this country live in households with an income below 60 percent of the national median income”.

#11 When it comes to child poverty, the United States ranks 36th out of the 41 wealthy nations” that UNICEF looked at.

#12 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.

#13 An astounding 45 percent of all African-American children in the United States live in areas of concentrated poverty”.

#14 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.

#15 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.

#16 There are simply not enough good jobs to go around anymore.  It may be hard to believe, but 51 percent of all American workers make less than $30,000 a year.

#17 There are 7.9 million working age Americans that are officially unemployed” right now and another 94.7 million working age Americans that are considered to be not in the labor force”.  When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.

#18 Owning a home has traditionally been a signal that you belong to the middle class.  That is why it is so alarming that the rate of homeownership in the United States has been falling for eight years in a row.

#19 According to a recent Pew survey, approximately 70 percent of all Americans believe that debt is a necessity in their lives”.

#20 At this point, 25 percent of all Americans have a negative net worth.  That means that the value of what they owe is greater than the value of everything that they own.

#21 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.

If we truly are the greatest nation on the planet”, then why can’t we even take care of our own people?

Why are there tens of millions of us living in poverty?

Perhaps we really aren’t so great after all.

It would be one thing if economic conditions were getting better and poverty was in decline.  At least then we could be talking about the improvement we were making.  But despite the fact that we are stealing more than a hundred million dollars from future generations of Americans every single hour of every single day, poverty just continues to grow like an aggressive form of cancer.

So what is wrong?

Why can’t we get this thing fixed?

Tell us what you think we should do as a nation to solve this problem by posting a comment below…

4 Responses to “21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind”

  1. Nalliah Thayabharan Says:

    “Foreclosure of American Dream By Wall Street” – End of an Empire

    Wall Street is a confidence trick, a dazzling edifice built on paper promises, gambling, bets and rampant speculations. Wall Street doesn’t manufacture or produce anything. Wall Street , however attractive it may appear, is built on paper.
    Wall Street speculation caused a 70% increase in the price of wheat from June to December 2010 and severed food crisis in more than 35 countries. However, there was no significant change in the global food supply or in food demand. The total value of Wall Street speculative financial derivatives reached more than $600 trillion – about 10 times global GDP. Wall street’s peculative derivatives are virtually untaxed and banks often avoid paying tax on profits from selling derivatives. Every consumer is paying more for commodities including food and fuel due to the excessive speculation by Wall Street.
    Modern day bank robbers are at Wall Street but they wear grey suits and not masks. Rampant speculators, propagandists and financiers of Wall Street are all given some unfair advantage over the average consumers and taxpayers and the cumulative effect of the people watching selfishness prevail over the public interest has been an undermining of the public’s trust in the present US government. There’s no question that Wall Street is rigged against the average consumers and taxpayers. Wall Street has a lot more information. Wall Street jerry-rigged the system so that Wall Street always win. If Wall Street loses trillions, the US Treasury will bail the Wall Street out so it can go back and do it again.
    50 trillion dollars in global wealth was erased between September 2007 and March 2009, including 7 trillion dollars in the US stock market, 6 trillion dollars in the US housing market, 8 trillion dollars in the US retirement and household wealth, 2 trillion dollars in the US individual retirement accounts, 2 trillion dollars in the US traditional defined benefit plans and 3 trillion dollars in the US nonpension assets. Greed, arrogance and incompetence created a massive meltdown, cost trillions, and still Wall Street comes out richer and more powerful.
    There are trillions dollars of new money taken again from Americans to make deals and hand out outrageous bonuses. And when these trillions run out, Wall Street will come back for more until the dollar becomes junk. The value of the US dollar declined very significantly during the last 70 years. The value of the US dollar in 1940 was worth 2,000% more than the value of the US dollar now.
    Many big US manufacturers are outsourcing to Mexico and China to increase their profits, adding more unemployment in the USA. Manufacturing jobs in the USA declined 37% between 1998 and 2010. Since manufacturing industries has declined in the USA, the US competitiveness in the global marketplace has also declined.
    Robust financial markets don’t imperil capitalism. In the early 1980′s Wall Street began to escape reasonable important regulations of the marketplace. The US government gradually adopted a “too big to fail” policy for the Wall Street, saving lenders with failing businesses from losses. The demise of Glass Steagall act helped spawn the credit crisis by allowing the Wall Street to create financial instruments that allowed them to escape reasonable limits, including constraints on speculative borrowing and requirements for the disclosure of important facts. The extremely lucrative hedge funds and other risk management derivatives including credit default swaps don’t fund or invest in successful growing businesses. The credit default swap market was the single biggest cause of the crash 4 years ago.
    Wall Street’s suicidal capitalism built on rampant speculation eventually posed an untenable risk to the US economy—a risk that culminated in the trillions of dollars’ worth of the US government bailouts and guarantees that the US government scrambled starting in late 2008. But in 2008 the US government was compelled to replace private risktakers at the Wall Street with government capital so that money and credit flows wouldn’t stop, precipitating a depression. As a result, these Wall Street became impervious to the vital market discipline that the threat of loss provides. Wall Street lenders of the financial markets continue to understand that the US government would protect them in the future if necessary. This implicit guarantee by the US government harms capitalism and economic growth.
    The top 6 US banks had assets of less than one fifth of US GDP in 1995. Now they have two third of US GDP. The financial crisis was created by the biggest US banks to consolidate power. The big banks became stronger as a result of the bailout by the US Treasury. The big banks are turning that increased economic clout into more political power. Wall Street has undue influence on the US government policies and this situation reflects a failure of democratic representation for the other 99 percent Americans.
    Oligarchy is the political power based on economic power. And it’s the rise of Wall Street in economic terms, that it’d turn into political power.Wall Street will then continue to feed that back into more deregulation, more opportunities to go out and take reckless risks and capture trillions of dollars.
    Wall Street only has the lobbyists. Today more than 42,000 Wall Street lobbyists manipulate USA’s 537 elected officials with huge campaign contributions that fund candidates who support their agenda. It no longer matters who’s the President of USA.
    The political and economical leadership of the US has chosed to cartel profits and transformed the US economy to serve the colluding and unlawful oligarchy. The political and economical leadership of the US is bailing out failed paradigms with trillions of dollars while committing social injustice to its people. The political and economical leadership of the US including the US Congress have now become Wall Street’s “Trojan Horses”. The US banks are borrowing money at near zero interest from the US government, then lending it back to the US government at even mere fractions higher interest than they are paying. The net interest margin made by the US banks by lending the money back to the US federal government in the first 6 months of 2011 is 210 billion dollars.
    Due to the oligarchs’ rapacious looting and their purchase of a politically protected luxurious lifestyle, the people of the US are on the road to permanent serfdom under a police state. The democracy was not given to the people of the US on a platter. It is not theirs for all time, irrespective of their efforts. Either people of the US organize and they find political leadership to take this on or they are going to be in deep trouble.
    The failure of governance to address the current critical issues have already produced catastrophic consequences. Now we are experiencing a major global paradigm shift and it is still unfolding. Thirty-two US states including California, Illinois, Nevada, Arizona, Florida, New Jersey and Michigan are on the brink of insolvency as their tattered and fading economy is now more dire than ever. Inevitably in very near future the US government will order police or military to martial law which may lead to a second American revolution.

    “There is no calamity greater than lavish desires, no greater guilt than discontentment and no greater disaster than greed”
    – Laozi
    “Greedy desire is endless and therefore can never be satisfied”
    – Buddha

  2. Independent Says:

    Seen easily with a purified mind, obvious example is not in America but in Sri Lanka.

  3. Fran Diaz Says:

    Hope the Yahap govt people read this and get educated about the sad realities of life …. Yahap folk live in a dreamworld, it seems.

    There has to be a sense of balance in Yahap govt. It is about the people of Lanka and not about pocket stuffing for a few.

  4. Kumari Says:

    Mr. Nalliah nice to read your comments. Wall street is responsible for the creation of 1%. In America and most of the western economies the big corporations are so greedy, they can’t be bothered about the average citizen. Very soon, we will see all 99% are on food stamps. I wish Americans can have a true leader who has the back bone to work for the 99% and save the country from multinational corporations.

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