Home > Government, Money, News of the moment > 100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind.

100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind.

By Michael Snyder, Contributor Activist Post July 25th 2012.    Find Full Article Here:-

Every single day more Americans fall into poverty. This should deeply alarm you no matter what political party you belong to and no matter what your personal economic philosophy is.
Right now, approximately 100 million Americans are either “poor” or “near poor”. For a lot of people “poverty” can be a nebulous concept, so let’s define it.
The poverty level as defined by the federal government in 2010 was $11,139 for an individual and $22,314 for a family of four.
Could you take care of a family of four on less than $2000 a month?
Millions upon millions of families are experiencing a tremendous amount of pain in this economy, and no matter what “solutions” we think are correct, the reality is that we all should have compassion on them. Sadly, things are about to get even worse. The next major economic downturn is rapidly approaching, and when it hits the statistics posted below are going to look even more horrendous.

When it comes to poverty, most Americans immediately want to get into debates about tax rates and wealth redistribution and things like that.
But the truth is that they are missing the main point.
The way we slice up the pie is not going to solve our problems, because the pie is constantly getting smaller.
Our economic infrastructure is being absolutely gutted, the U.S. dollar is slowly losing its status as the reserve currency of the world and we are steadily getting poorer as a nation.
Don’t be fooled by the government statistics that show a very small amount of “economic growth”. Those figures do not account for inflation.
After accounting for inflation, our economic growth has actually been negative all the way back into the middle of the last decade.
According to numbers compiled by John Williams of shadowstats.com, our “real GDP” has continually been negative since 2005.

So that means we are getting poorer as a nation.
Meanwhile, we have been piling up astounding amounts of debt.
40 years ago the total amount of debt in the United States (government, business and consumer) was less than 2 trillion dollars.
Today it is nearly 55 trillion dollars.
So we have a massive problem.

  1. July 27, 2012 at 2:35 pm

    I Agree, We do have a massive problem and those of us who are more aware should try to try to help others become more aware. Easier said than done of course because many people choose not to be educated on the economical issues we’re facing. Those of us who have what we think are good paying J.O.B.S (Just over broke) are too busy being comfortable and naive that it could happen to any of us. Anyone can lose their job any day and having a degree doesn’t guarantee you a $60K/yr job. People are living in bliss or just pure denial. It’s getting to the point where “middle” class will be no more and we have to choose a side! Rich or Poor!

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