80 Percent Of U.S. Adults Face Near-Poverty, Unemployment: Survey
By HOPE YEN 07/28/13 09:37 PM ET EDT AP

WASHINGTON — Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration’s emphasis on the economy, saying in recent speeches that his highest priority is to “rebuild ladders of opportunity” and reverse income inequality.

As nonwhites approach a numerical majority in the U.S., one question is how public programs to lift the disadvantaged should be best focused – on the affirmative action that historically has tried to eliminate the racial barriers seen as the major impediment to economic equality, or simply on improving socioeconomic status for all, regardless of race.

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One Comment to “4 out of 5 US adults are on the brink”

  • Of course, mainstream financial press outlets like Marketwatch’s webpage had a headlined that screamed that this was completely false:

    http://www.marketwatch.com/story/no-80-of-america-is-not-in-poverty-2013-07-29

    MarketWatch First Take Archives

    July 29, 2013, 10:56 a.m. EDT

    No, 80% of America is not in poverty
    Commentary: Article likely to confuse efforts to help the poor

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