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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: 2, Insightful) by Anonymous Coward on Monday May 21 2018, @05:12PM (2 children)

    by Anonymous Coward on Monday May 21 2018, @05:12PM (#682272)

    I think plenty of people see TMBs scummy self-centered nature, but on the flip side he has a LOT of compadres. These are people angry that the American Dream has failed them, and you can even see it with TMB who pretends he is a super successful self-made man yet he lives with a roommate who also has occasional kids. Unless he's that pathetically lonely then he's just another loud mouthed braggart trying to cover his own insecurities.

    Anyway, yeah these people are incredibly selfish and narrow minded with the unfortunate need to be the loudest in the room.

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  • (Score: 3, Informative) by Azuma Hazuki on Monday May 21 2018, @05:18PM (1 child)

    by Azuma Hazuki (5086) on Monday May 21 2018, @05:18PM (#682276) Journal

    I wish more people would get up his beak about it, though. Anyone *that* full of shit ought to squelch when he walks...

    --
    I am "that girl" your mother warned you about...
    • (Score: 2) by dry on Tuesday May 22 2018, @04:46AM

      by dry (223) on Tuesday May 22 2018, @04:46AM (#682530) Journal

      It quickly becomes frustrating, like banging your head on a wall. The only way he might change is through a life altering event and even then he is so set in his ways and so sure they're right...