Nearly One-Third of Working Americans are Poor

[Modern School]

According to a new report by the Working Poor Families Project, nearly one-third of working families are now considered low-income (earning less than 200% of the official poverty level). This means that even many who have jobs are struggling and barely able to make ends meet. The report also found that there were over 10 million low income workers in the U.S. last year, with 45 million Americans (22 million children) living in low income homes (an increase of 1.7 million from 2008). Meanwhile, the richest 20% of families took home 47% of all income.

It is clear that the recession has impoverished many through job loss. The ranks of the working poor, however, have remained largely invisible while growing larger. Corporations have used the recession as a justification to cut pay, benefits and hours of employment, implement furloughs, and hire short-term temps. More than half (55%) of adult workers have suffered unemployment, a pay cut, a reduction in hours, or have been forced to work part-time, since the recession began in 2007

To read more, please go to http://modeducation.blogspot.com/2010/12/nearly-one-third-of-working-americans.html

[applegrove]

1. 1 in 7 Americans are on food stamps.

[proud2BlibKansan]

2. 1 in 4 kids in MO

[ladjf]

3. That is a strong indication of how terrible the wealth shift problem

has become. nt