US poverty on track to rise to highest since 1960s

Economic and Mark of the Beast
prophecy-related information

US poverty on track to rise to highest since 1960s

Postby st louis steve on Sun Jul 22, 2012 4:39 pm

US poverty on track to rise to highest since 1960s
By HOPE YEN | Associated Press –WASHINGTON (AP) — The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.
Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.
The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965.
Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out. Suburbs are seeing increases in poverty, including in such political battlegrounds as Colorado, Florida and Nevada, where voters are coping with a new norm of living hand to mouth.
"I grew up going to Hawaii every summer. Now I'm here, applying for assistance because it's hard to make ends meet. It's very hard to adjust," said Laura Fritz, 27, of Wheat Ridge, Colo., describing her slide from rich to poor as she filled out aid forms at a county center. Since 2000, large swaths of Jefferson County just outside Denver have seen poverty nearly double. http://news.yahoo.com/us-poverty-track- ... nance.html
st louis steve
 
Posts: 4410
Joined: Tue Mar 07, 2006 11:50 am
Location: St louis, Missouri

Re: US poverty on track to rise to highest since 1960s

Postby laney on Wed Aug 01, 2012 2:46 pm

I go to the grocery store every two weeks and I nearly faint at the price increases I see every time. I see all these families with children and I am like, "How do they feed them"?

I wonder just how many families are on food assistance programs now. And the ones that are on them, that doesn't buy clothes, household goods, ect. I don't know what people are going to do. And while the grocerie prices keep rising the packages keep shrinking. Does anyone else feel this way?

:dramaqueen:
"Be on your guard; stand firm in the faith; be [people] of courage; be strong." (1 Cor. 16:13
laney
 
Posts: 3344
Joined: Sun Sep 24, 2006 10:43 pm

Re: US poverty on track to rise to highest since 1960s

Postby GodsStudent on Wed Aug 01, 2012 7:32 pm

laney wrote:I go to the grocery store every two weeks and I nearly faint at the price increases I see every time. I see all these families with children and I am like, "How do they feed them"?

I wonder just how many families are on food assistance programs now. And the ones that are on them, that doesn't buy clothes, household goods, ect. I don't know what people are going to do. And while the grocerie prices keep rising the packages keep shrinking. Does anyone else feel this way?

:dramaqueen:


It's not only groceries, it's everything. I have had a business for 20 years now and we still charge the same thing for our services that we did 20 years ago, yet the income doesn't go anywhere near as far as it did back then. With the price of gas and groceries and everything else creeping up, we are constantly having to turn away from things we used to be consumers of. Even movie tickets used to be around 5 bucks. Now, $10.50 .....so......we seldom, if ever, attend movies anymore.
GodsStudent
Supporting Member
 
Posts: 7240
Joined: Sun Mar 16, 2008 10:36 pm


Return to Economic/MOB Watch

Who is online

Users browsing this forum: No registered users and 1 guest