Report: Nearly One In Five Americans Have No Money to Put Food on the Table
August 21st, 2012
While economists, government officials, and mainstream media experts argue about whether a recovery is finally taking hold, the evidence on the ground provides a clear insight about where the country is headed.
A nationwide Gallup survey involving 177,000 U.S. adults proves what many contrarians have been screaming for some time: For most Americans there is no recovery.
After having lost 40% of their wealth, millions of jobs, their homes, and with prices in all key commodity groups like food and energy rising consistently, our current economic conditions feel more like a depression than anything remotely resembling a recovery.
According to the new survey, nearly one in five Americans report that there has been at least one time in the last 12 months when they did not have enough money to buy the food they or their families needed. In some parts of the country it’s even worse.