4 Out of 5 Americans Face Joblessness, Poverty
August 2, 2013
Rampant Inequality – Which Destroys Economies – Skyrockets to the Highest Levels In History
Associated Press reports that around 80 percent of all Americans deal with joblessness, near poverty, or reliance on welfare at some point in their lives.
AP notes that inequality is going through the roof:
An increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs [are the likely] reasons for the trend.
The risks of poverty also have been increasing in recent decades, particularly among people ages 35-55, coinciding with widening income inequality.