A shocking and jaw dropping new report on Zero Hedge brings a smack of reality to the so-called ‘recovery’ in America: 80% of all US adults are either living near the poverty level, rely upon welfare or are totally unemployed. To know that 4 out of every 5 Americans are living at that level on the economic ladder is stunning and quite a wake up call for those who still, somehow, believe that the economy is in a ‘recovery’ mode. Meanwhile, corporate profits continue to rise as shown in the graph below this video report from ViralMedia24. First, this story from Tyler Durden and Zero Hedge.:
Despite consumer confidence at a six-year high, the latest AP survey of the real America shows a stunning four out of five U.S. adults struggle with joblessness, are near poverty, or rely on welfare for at least parts of their lives amid signs of deteriorating economic security and an elusive American dream. Hardship is particularly on the rise among whites, based on several measures. Pessimism among whites about their families’ economic futures has climbed to the highest point since at least 1987.
“Poverty is no longer an issue of ‘them’, it’s an issue of ‘us’,” as ’the invisible poor’ – lower income whites – are generally dispersed in suburbs (Appalachia, the industrial Midwest, and across America’s heartland, from Missouri, Arkansas and Oklahoma up through the Great Plains) where more than 60% of the poor are white.
More than 19 million whites fall below the poverty line of $23,021 for a family of four – accounting for more than 41% of the nation’s destitute – nearly double the number of poor blacks and as one survey respondent noted ”I think it’s going to get worse.”…