Monday, July 29, 2013

80% Of Americans Will Face Financial Hardship In Their Life Time

From Think Progress:      

Eighty percent of Americans will struggle with joblessness, live on the edge of poverty, or rely on public programs for at least part of their lives, according to an analysis of survey data from the Associated Press. The report defines “economic insecurity” as a year or more of periodic unemployment, relying on government assistance such as food stamps, or making an income below 150 percent of the poverty line.

The risk of falling into poverty has increased in recent decades, particularly for people aged 35 to 55, the analysis finds. That age group had a 17 percent risk from 1969 to 1989, but it’s increased to 23 percent. For those between 45 and 55, the risk jumped from 11.8 to 17.7 percent. The report predicts that by 2030, nearly 85 percent of adults will experience periods of economic insecurity.
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This is bad news for Americans of all stripes, the standard of living in America is declining and no one is doing a damn thing about it. The majority of the politicians in Washington have been bought off, there seems to be no one in DC who's working on behalf of the working class. There are a few national pols that seems to be fighting for the middle and lower class people but their power and influence is limited.

You have members of the Congressional Black Caucus and the Congressional Progressive Caucus who actually want to help poor and working class people but they're basically marginalize. The President rarely invites members of the CBC and CPC to the White House for meetings even though they  were his most loyal supporters.

The income gap is this country is getting wider every year. The rich and the wealthy are the only ones who have benefitted over the last couple of decades and they still want more. They know the country is in trouble financially and they still want to avoid paying their fair share of taxes. The rich have the entire Republican Party and half of the Democratic Party in their pockets, which means, the rest of us don't have a chance.

It's time for ordinary Americans to put their petty differences aside, organize and fight for our share of what's left of this country.  

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