Poverty in the US

varjavand
by varjavand
18-Sep-2010
 

If you are counted officially as a person living below poverty line by the US Census Bureau, you are not alone; nearly 4.8 million more people were added to the number of poor in the US. According to the latest statistics published by the US Census Bureau, the percentage of US population living below poverty line – income of about $10,000 for a single person - is now stands at 14.3%, about 44 millions, highest since 1959. This ratio is estimated at about 18% for Iran. It seems that the United States has not only lost some tangible wars on the ground in recent years but also the war on poverty. It is startling to see that so many people living under poverty threshold in the world’s richest country with the median household’s income of almost $50,000 per year and total value of Gross Domestic Products $14,575 billion, by far the largest in the world. The poverty outlook is not any more optimistic if current economic condition continues. But look at the bright side of it, poverty is a relative concept, $10,000 may not be a considerable amount of money in the US but it is enough to support a family for a year in many countries. Nearly 100 countries have per capita income lower than $10,000.

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varjavand

Poverty,

by varjavand on Sun Sep 19, 2010 08:48 AM PDT

The increasing poverty rate in the US is clear evidence that the poor and unprivileged are being ignored by unfettered capitalism. They have been denied an adequate access to the benefits of economic prosperity. And the gap between the poor and rich is not shrinking; it is widening. In the US, for instance the annual income of middle class declined by $2,600 during Bush administration. Thanks to generous tax cut aimed at the wealthiest American household and misguided policies. As chronicled evidence shows, capitalism has not only been ineffective in alleviating poverty and income inequality nationally and globally, it has especially failed to bring economic prosperity to the poorest regions of the world, especially to African nations that are in desperate need of basic necessities and essential services. Since the advent of globalization, the state of global poverty has become increasingly deteriorating. There are still many questions in the forefront of people’s minds. Why, for instance, after many decades of tremendous economic progress, are social problems still lingering? Are there any inherent aspects of capitalism that make it apathetic to the plight of the poor, aggravate inequality, sanction exploitation, and create the temptations of corruption and reckless behavior? I believe there are.


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Varjavand

by IranMilitaryForum.net on Sun Sep 19, 2010 07:53 AM PDT

Your last post needs attention!

 


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varjavand

Normal 0 false false fa

by varjavand on Tue Jan 18, 2011 07:34 PM PST

The increasing poverty rate
in the US is clear evidence that the poor and unprivileged are being ignored by
unfettered capitalism. They have been denied an adequate access to the benefits
of economic prosperity. And the gap between the poor and rich is not shrinking;
it is widening. In the US, for instance the annual income of middle class
declined by $2,600 during Bush administration. Thanks to generous tax cut aimed
at the wealthiest American household and misguided policies. As chronicled
evidence shows, capitalism has not only been ineffective in alleviating poverty
and income inequality nationally and globally, it has especially failed to bring
economic prosperity to the poorest regions of the world, especially to African
nations that are in desperate need of basic necessities and essential services.
Since the advent of globalization, the state of global poverty has become
increasingly deteriorating. There are still many questions in the forefront of people’s
minds. Why, for instance, after many decades of tremendous economic progress, are
social problems still lingering? Are there any inherent aspects of capitalism
that make it apathetic to the plight of the poor, aggravate inequality, sanction
exploitation, and create the temptations of corruption and reckless behavior? I
believe there are.

 

 


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default

It is interesting

by IranMilitaryForum.net on Sun Sep 19, 2010 07:51 AM PDT

Isn't it interesting that the US cannot clean its own ass yet there is no shortage of advice/orders to other nations as to how to run their own economies/affairs?

The richest nation on earth, the US, has 50 million w/o health insurance and a rampant poverty that is destroying its middle class for at least the past decade. Time to stop medlling in others affairs and pay attention to decaying home front!

;-) 


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vildemose

  Unemployment page in

by vildemose on Sat Sep 18, 2010 11:17 AM PDT

 

Unemployment page in Huffington post.

//www.huffingtonpost.com/news/unemployment


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Ali P.

On my income, I could live like a King...

by Ali P. on Sat Sep 18, 2010 11:05 AM PDT

...in Guatemala!


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