Nearly 51 Million Households In The United States "Can't Afford Basics Like Rent And Food"

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ZenInformer
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Nearly 51 Million Households In The United States "Can't Afford Basics Like Rent And Food"

Post by ZenInformer » Sat May 19, 2018 12:40 am

A stunning new report that was just put out by the United Way ALICE Project shows that the gap between the wealthy and the poor in this country is perhaps the biggest that it has been in any of our lifetimes. In some of the wealthiest areas of the nation, homes are now selling for up to 100 million dollars, but meanwhile tens of millions of families are barely scraping by from month to month. Many believe that this growing “inequality gap” is setting the stage for major societal problems.

In general, the U.S. economy seems to be performing better than expected so far in 2018, but the ranks of the poor and the working poor just continue to grow. The following comes from CNN…

Nearly 51 million households don’t earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a studyreleased Thursday by the United Way ALICE Project. That’s 43% of households in the United States.

The figure includes the 16.1 million households living in poverty, as well as the 34.7 million families that the United Way has dubbed ALICE — Asset Limited, Income Constrained, Employed. This group makes less than what’s needed “to survive in the modern economy.”

If 43 percent of all Americans cannot even afford “the basics”, what does that say about the true state of the U.S. economy?

Of course the biggest reason why so many American families are struggling is the lack of good jobs.

In America today, 66 percent of all jobs pay less than 20 dollars an hour.

66 percent.
https://www.zerohedge.com/news/2018-05- ... t-and-food



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Re: Nearly 51 Million Households In The United States "Can't Afford Basics Like Rent And Food"

Post by Grand_Master » Sat May 26, 2018 12:54 am

We are witnessing the collapse of the American dream.


Ephesians 6:12 King James Version (KJV)
~For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

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