WASHINGTON (AP) — Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.
Four Out of Five
I was just reading that before you posted it, and was hit by it like you. I cannot help but compare the 80 per cent near poverty to the 99 percenters.
It seems true. It's a cut throat economy. It's perfectly good business now to find ways of reducing pay and benefits for employees, and even to get them off pay rolls.
I wonder too, how many homeless are not in the statistics.