Showing posts with label Poverty. Show all posts
Showing posts with label Poverty. Show all posts

Friday, December 23, 2011

'Dismal' prospects: 1 in 2 Americans are now poor or low income

12-15-11
Full Article:
http://usnews.msnbc.msn.com/_news/2011/12/15/9461848-dismal-prospects-1-in-2-americans-are-now-poor-or-low-income

Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.

The latest census data depict a middle class that's shrinking as unemployment stays high and the government's safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and families.

"Safety net programs such as food stamps and tax credits kept poverty from rising even higher in 2010, but for many low-income families with work-related and medical expenses, they are considered too 'rich' to qualify," said Sheldon Danziger, a University of Michigan public policy professor who specializes in poverty.

"The reality is that prospects for the poor and the near poor are dismal," he said. "If Congress and the states make further cuts, we can expect the number of poor and low-income families to rise for the next several years."

Thursday, December 1, 2011

Extreme Poverty Is Now At Record Levels – 19 Statistics About The Poor

Source: http://exposingthetruth.info/extreme-poverty-is-now-at-record-levels-–-19-statistics-about-the-poor-will-astound-you

#1 According to the U.S. Census Bureau, the percentage of “very poor” rose in 300 out of the 360 largest metropolitan areas during 2010.

#2 Last year, 2.6 million more Americans descended into poverty. That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#3 It isn’t just the ranks of the “very poor” that are rising. The number of those just considered to be “poor” is rapidly increasing as well. Back in the year 2000, 11.3% of all Americans were living in poverty. Today, 15.1% of all Americans are living in poverty.

#4 The poverty rate for children living in the United States increased to 22% in 2010.

#5 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.

#6 In Washington D.C., the “child food insecurity rate” is 32.3%.

#7 More than 20 million U.S. children rely on school meal programs to keep from going hungry.

#8 One out of every six elderly Americans now lives below the federal poverty line.

#9 Today, there are over 45 million Americans on food stamps.

#10 According to the Wall Street Journal, nearly 15 percent of all Americans are now on food stamps.

#11 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#12 The number of Americans on food stamps has increased 74% since 2007.

#13 We are told that the economy is recovering, but the number of Americans on food stamps has grown by another 8 percent over the past year.

#14 Right now, one out of every four American children is on food stamps.

#15 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

#16 More than 50 million Americans are now on Medicaid. Back in 1965, only one out of every 50 Americans was on Medicaid. Today, approximately one out of every 6 Americans is on Medicaid.

#17 One out of every six Americans is now enrolled in at least one government anti-poverty program.

#18 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

#19 It is estimated that up to half a million children may currently be homeless in the United States.

Thursday, October 6, 2011

20 Reasons Why Millions Of Americans Under The Age Of 30 Are Giving Up

Source: EndOfTheAmericanDream.com
http://endoftheamericandream.com/archives/the-mad-as-hell-generation-20-reasons-why-millions-of-americans-under-the-age-of-30-are-giving-up-on-the-u-s-economy

#1 Only 55.3% of Americans between the ages of 18 and 29 were employed last year. That was the lowest level that we have seen since World War II.

#2 Today, there are 5.9 million Americans between the ages of 25 and 34 that are living with their parents.

#3 The economic downturn has been particularly tough on men. According to Census data, men are twice as likely to live with their parents as women are.

#4 Amazingly, less than 30 percent of all U.S. teens had a job this summer.

#5 Approximately one out of every five Americans under the age of 30 is currently living in poverty.

#6 According to one recent survey, only 14 percent of all Americans that are 28 or 29 years old are optimistic about their financial futures.

#7 Since the year 2000, incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation.

#8 The cost of "getting an education" has become increasingly burdensome in recent years. Average yearly tuition at U.S. private universities is now up to $27,293. That figure has increased by 29% in just the past five years.

#9 In America today, approximately two-thirds of all college students graduate with student loans.

#10 Millions of young Americans are absolutely being financially strangled by horrific student loan debt loads. Sadly, the total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.

#11 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day.

#12 One-third of all college graduates end up taking jobs that don't even require college degrees.

#13 In the United States today, there are more than 100,000 janitors that have college degrees.

#14 In the United States today, 317,000 waiters and waitresses have college degrees.

#15 In the United States today, approximately 365,000 cashiers have college degrees.

#16 In the United States today, 24.5 percent of all retail salespersons have a college degree.

#17 As the economy has crumbled, fewer young Americans have been getting married. Today, an all-time low 44.2% of Americans between the ages of 25 and 34 are married.

#18 Young Americans are becoming increasingly frustrated as our politicians stand by and do nothing while our economy is being hollowed out. The sad truth is that United States has lost an average of 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001, and top politicians in both major political parties keep pushing for even more job-killing "free trade" agreements.

#19 Young Americans are becoming increasingly frustrated that pretty much the only jobs that seem to be available are low paying jobs. Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

#20 Young Americans are becoming increasingly frustrated that previous generations have saddled them with a 14 trillion dollar national debt that they are expected to make payments on for the rest of their lives.

Saturday, September 24, 2011

Capitalism Kicking Poverty's Ass

From FastCompany.com, three winners of Powering Economic Opportunity: Create A World That Works Competition - awarding "the world's most innovative market-based solutions that create economic opportunity and generate employment for disadvantaged populations." :
The Financially Self-Sufficient School Model

This entry, submitted by Fundacion Paraguaya, is a new model of technical and vocational education which "transforms the sons and daughters of chronically poor farmers into financially successful 'rural entrepreneurs' and its scaling up in 50 countries and/or 50 schools by 2017." The Financially Self-Sufficient School model, already in operation at a school in Paraguay, teaches traditional high school subjects and allows students to run small-scale, on-campus agricultural enterprises, such as rural hotels and organic gardens. These on-campus enterprises cover many of the costs of running the school, which already generates $300,000 a year from the program. Now the foundation wants to scale up worldwide.

Nonprofit Innovation through Pay-for-Performance Funding

Submitted by Twin Cities RISE!, this organization's mission is to train unemployed and under-employed men from communities of color with skills that can then be marketed to employers--and can score the unemployed jobs that pay at least $20,000 each year. TCR has formed a partnership with the state of Minnesota where the state pays the organization $9,000 each time the program places a graduate into a $20,000-a-year job, and it pays another $9,000 if the employee stays in the job for a year. The reason: TCR has demonstrated that an employed graduate has $31,000 of Net Present Value to taxpayers.

Mobile Microfranchising in Indonesia

The Grameen Foundation's project is to offer a mobile marketplace, job search services, financial services, health and agriculture information, and small business mentoring to Indonesia's poorest residents. Here's how it works: An aspiring entrepreneur buys a pre-packaged kit, which contains a mobile phone and a microfinance loan. The entrepreneur then sells airtime minutes to neighbors. The opportunity allows the entrepreneurs (usually women) to double their income and gain valuable business skills. Grameen hopes to expand its network of over 7,500 entrepreneurs to 60,000 in the next three years.

Three Market-Based Solutions To Pull People Out Of Poverty
Ariel Schwartz
Thu Sep 15, 2011
http://www.fastcompany.com/1780242/four-market-based-solutions-creating-economic-opportunity-for-the-disadvantaged