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Monday, 9 July 2018

Evidence That Half of Americans Are In or Near Poverty

The extreme level of wealth inequality in the U.S. is battering the poor.


Deniers like Nikki Haley refuse to admit that mass poverty exists in their prosperous nation. That would reflect poorly on their capitalist beliefs. But if the skeptics would look at the half of America they don’t care to see, the stark display of destitution might shock them. At least until they invent an excuse to remove it all from their minds.

The U.S. poverty rate in 2016 was between 12.7 and 14.0 percent. But the poverty threshold is based on an outmoded formula from the 1960s. According to the Congressional Research Service (CRS), the threshold should be THREE TIMES HIGHER today. And it could be even higher if the true nature of poverty is considered.

Poverty is not just a dollar figure.

 

There is poverty in the diminishing quality of life for Americans who are unable to pay for medical treatment during years of declining health, and instead turn to life-threatening opioid painkillers, readily available in a nation with less than 5 percent of the world’s population and 30 percent of the world’s opioid consumption. Poverty is the lack of community support in a winner-take-all society; the stress of overwhelming debt; the steady decline of jobs that pay enough to support a family; the inability to afford a move to a desired neighborhood; the deadening impact of inequality on physical and mental well-being.

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