A 100 Million Poor People in the US and That Number is Growing.

One hundred Million people are considered poor in the US. 50 million of those are on food stamps allowing them a couple of dollars worth of food a day. Just think about that! That is 25 Americans for every Kiwi. 50 million Americans are on food stamps, that is 12.5 persons for every Kiwiw and while you might argue that the poorest of Americans are still richer than most of the poor people in poorer countries here are some more figures  that might make you go Hmmm…

Let’s start with this Infograph:

 


I hope you will agree with me that the implied financial inequality is horrific.

Here are some more interesting facts:

  • The six heirs of the Wall Mart family which you might argue stole the ability of millions of people to produce locally and sell locally in mum and pop stores all over America by abusing a time of cheap fuel and great poverty in foreign countries they more or less colonised to produce cheap food and plastic stuff now own more than the 40% of the lower income Americans.
  • JP Morgan has a huge interest in keeping people poor because they make a mint of the Food stamp program keeping millions of people dependent on an unsustainable system while they rake it in.

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#1 In the United States today, somewhere around 100 million Americans are considered to be either “poor” or “near poor”.

#2 It is being projected that when the final numbers come out later this year that the U.S. poverty rate will be the highest that it has been in almost 50 years.

#3 Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

#4 Today, one out of every four workers in the United States brings home wages that are at or below the poverty level.

#5 According to the Wall Street Journal, 49.1 percent of all Americans live in a home where at least one person receives financial benefits from the government.  Back in 1983, that number was below 30 percent.

#6 It is projected that about half of all American adults will spend at least some time living below the poverty line before they turn 65.

#7 Today, there are approximately 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#8 During 2010, 2.6 million more Americans fell into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

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