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posted by janrinok on Monday May 21 2018, @08:11AM   Printer-friendly
from the richest-country-in-the-world dept.

http://money.cnn.com/2018/05/17/news/economy/us-middle-class-basics-study/index.html

"Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That's 43% of households in the United States."

The figure includes the 16.1 million households living in poverty, as well as the 34.7 million families that the United Way has dubbed ALICE -- Asset Limited, Income Constrained, Employed. This group makes less than what's needed "to survive in the modern economy."

"Despite seemingly positive economic signs, the ALICE data shows that financial hardship is still a pervasive problem," said Stephanie Hoopes, the project's director.

California, New Mexico and Hawaii have the largest share of struggling families, at 49% each. North Dakota has the lowest at 32%.

Many of these folks are the nation's child care workers, home health aides, office assistants and store clerks, who work low-paying jobs and have little savings, the study noted. Some 66% of jobs in the US pay less than $20 an hour.

See also: https://www.forbes.com/sites/noahkirsch/2017/11/09/the-3-richest-americans-hold-more-wealth-than-bottom-50-of-country-study-finds/


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  • (Score: 3, Informative) by Runaway1956 on Monday May 21 2018, @11:09AM

    by Runaway1956 (2926) Subscriber Badge on Monday May 21 2018, @11:09AM (#682107) Journal

    Go back to GP's post, and re-read. I clicked the link just to ask, "How's that globalization working out for you?"

    I can admit that a lot of the globalists are from the boomer generation, but, as a group, or as a class, boomers aren't in favor of globalization. That has been shoved down everyone's throats, as well as up our asses.

    When we discuss Nazi Germany's crimes, do we blame everyone born into the generation that Hitler belonged to? No? Yes? Well, if "yes", then you've just offered the Nazi's an escape clause. The Jews are to blame, because they were part of that generation too!

    You might want to address some of the assholes and lowlifes, like Mitt Romney who made his fortune selling American businesses to the Chinese. The Clintons, who offered all sorts of tech to the Chinese, free of charge.

    Think before you whine. You will probably look a whole lot smarter if you make the effort.

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