Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/29/2013 (1 year ago)

Catholic Online (www.catholic.org)

Four in 10 adults falls into poverty for at least a year of their lives

While the United States appears to be on the move again, with consumers buying more and more people returning to work, the cold figures of domestic poverty and unemployment paint a far grimmer picture. According to 2011 figures, four in 10 U.S. adults fall into abject poverty at least once in their lives. 

Measured across all races - black, white, Hispanic, other -- the risk of economic insecurity rises to 79 percent.

Measured across all races - black, white, Hispanic, other -- the risk of economic insecurity rises to 79 percent.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

7/29/2013 (1 year ago)

Published in Business & Economics

Keywords: Poverty, poor whites, joblessness, unemployment, food stamps


LOS ANGELES, CA (Catholic Online) - While President Obama has declared in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality, the gap between the rich and the poor continues to widen in the U.S.

Poverty is especially hard on white Americans. Pessimism among whites and their families' economic futures has climbed to the highest point since at least 1987. Sixty-three percent of whites surveyed describe the U.S. economy as "poor."


Economic insecurity among whites is more pervasive than is shown in government data. The average white American - at least 76 percent, has tasted the bitter sting of poverty at least once by the time they turn 60.


The term "economic insecurity" is defined someone who has experienced unemployment at some point in their working lives. It can also mean time spent such as a year or more of reliance on government aid such as food stamps or income below 150 percent of the poverty line. 


Measured across all races - black, white, Hispanic, other -- the risk of economic insecurity rises to 79 percent.


"The invisible poor" as defined by demographers are typically lower-income whites dispersed in the suburbs as well as small rural towns, where more than 60 percent of the poor are white. 


Many poor whites are concentrated in the Appalachia in the East, they are also numerous in the industrial Midwest and spread across America's heartland, from Missouri, Arkansas and Oklahoma up through the Great Plains.


Interestingly, more than 19 million whites fall below the poverty line of $23,021 for a family of four, nearly double the number of poor blacks.


These figures still fail to capture the makeup of those who cycle in and out of poverty at different points in their lives, who may reside in the suburbs or the working poor or the laid off.


The risks of poverty have only worsened in recent decades, particularly among people ages 35-55, coinciding with widening income inequality. People ages 35-45 had a 17 percent risk of encountering poverty during the 1969-1989 time period. This risk increased to 23 percent during the 1989-2009 periods. For those ages 45-55, the risk of poverty jumped from 11.8 percent to 17.7 percent.


Some things remain constant. Nonwhites still have a higher risk of being economically insecure, at 90 percent. But compared with the official poverty rate, some of the biggest jumps under the newer measure are among whites, with more than 76 percent enduring periods of joblessness, life on welfare or near-poverty.


---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for June 2015
Universal:
That immigrants and refugees may find welcome and respect in the countries to which they come.
Evangelization: That the personal encounter with Jesus may arouse in many young people the desire to offer their own lives in priesthood or consecrated life.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Business & Economics

'Enough with all the rules' firework industry calls out to Obama Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

This year, more states have allowed people to buy pyrotechnic materials, such as sparklers and Roman Candles. In fact, this year has been wonderful for fireworks manufacturers, since the projected 2015 sales of celebratory explosives are estimated to top $1 billion. ... continue reading


Whole Foods accused of greatly overcharging customers Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Whole Foods, the American foods supermarket chain that specializes in organic goods, has been accused of massive overcharging. The New York City Department of Consumer Affairs explained they have discovered "systematic overcharging for pre-packaged foods" at the city's ... continue reading


Strange and powerful 'boat swallowing' vortex appears in Lake Texoma Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

A strange, giant vortex, estimated to be around 8-feet in diameter, has appeared in Lake Texoma. This occurrence is surprising and perhaps threatening. However, there is an explanation. MUNTUNLUPA, PHILIPPINES (Catholic Online) - Lake Texoma is known as one of the ... continue reading


Is it time to stash money under mattress? 'It's time to hold physical cash,' fund manager says Watch

Image of Ian Spreadbury declined to predict the exact trigger but said it was more likely to happen in the next five years rather than 10.

By Catholic Online (NEWS CONSORTIUM)

Is it time to cash your paycheck and then stick it into a hatbox for a rainy day? According to British fund manager Ian Spreadbury, who invests more than £4 billion of investors' money is gravely concerned that a "systemic event" could rock markets. The upset ... continue reading


In spite of strong showing, Ron Paul predicts Apocalypse on Wall Street Watch

Image of Ron Paul has predicted economic doomsday previously. As stocks continue to make new highs, he remains just as convicted as ever that there

By Catholic Online (NEWS CONSORTIUM)

Things seem to be on an even keel right now but according to former Representative Ron Paul, the Federal Reserve's easy money policies have left stocks and bonds are on the verge of a massive collapse. LOS ANGELES, CA (Catholic Online) - "I am utterly amazed at ... continue reading


The U.S. public is asked - Which woman do YOU want to see on the new $10 bill? Watch

Image of The new $10 bill will also include a

By Catholic Online (NEWS CONSORTIUM)

It's a question being posed to the American public... which American woman do they want to see on the new $10 bill? The revamped $10 bill will go into effect in the year 2020. U.S. Treasury Secretary Jack Lew wants the next generation of U.S. currency to ... continue reading


Who gave them the right to freeze the national debt? Watch

Image of Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders in March that informed them that he was planning to declare a

By Catholic Online (NEWS CONSORTIUM)

There is such a thing as taking a "bull by the horns," but one wonders who granted them this extraordinary power. Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders in March that informed them that he was ... continue reading


Denied for faith: Arizona man allegedly rejected from job for being an 'obese Christian' Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

After being rejected from a job at a web hosting company, a man received an email that allegedly had an attachment where he learned the reasons why he wasn't accepted. According to his statements, he was rejected because of his faith and his weight, as stated in the ... continue reading


'We're in for a huge change in society,' billionaire Cartier owner declares Watch

Image of Nicknamed

By Catholic Online (NEWS CONSORTIUM)

Johann Rupert, the executive chair of luxury brand company Richemont in South Africa has a sobering view of the future. Making billions peddling Cartier jewelry and Chloe fashion, Rupert says that the tension between the rich and poor is set to escalate as ... continue reading


14 years after 9/11, One World Trade Center lacks the bustle of the old Twin Towers Watch

Image of The new One World Trade Center lacks the bustle of the old, with a third of its office space remaining empty.

By Matt Waterson (NEWS CONSORTIUM)

Following the aftermath of the September 2001 attacks in New York, Larry Silverstein, the property developer who had bought the lease to the World Trade Center for more than $3 billion, vowed he would rebuild. LOS ANGELES, CA (Catholic Online) - Almost a decade ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ephesians 2:19-22
19 So you are no longer aliens or foreign visitors; ... Read More

Psalm, Psalms 117:1, 2
1 Alleluia! Praise Yahweh, all nations, extol him, ... Read More

Gospel, John 20:24-29
24 Thomas, called the Twin, who was one of the ... Read More

Saint of the Day

Saint of the Day for July 3rd, 2015 Image

St. Thomas
July 3: St. Thomas was a Jew, called to be one of the twelve Apostles. ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter