Business & Tech

Are You One of the 4 of 5 Americans Experiencing Poverty, Unemployment?

Globalization, widening disparity between the rich and poor and the disappearance of well-paying jobs named as culprits in deteriorating American Dream, according to an AP survey.

Written by Dina Sciortino

The American dream is deteriorating and U.S. economic globalization, the growing span between the rich and poor and the disappearance of well-paying jobs are to blame,Β according to the Associated Press. Β  Β  Β  Β  Β  Β 
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AnΒ APΒ article onΒ NBCNews.comΒ says AP survey results show that four out of five U.S. adults will experience β€œeconomic insecurity” in their lifetime.

β€œEconomic insecurity” is defined as one or more years of joblessness, making 150 percent below the poverty line or reliance on government assistance, like food stamps.

About 79 percent of Americans are at risk of falling into economic insecurity, the AP reports. While poverty rates are at an all time high at 46.2 million or 15 percent of Americans, marriage rates are declining.Β 

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U.S. Census Bureau data shows that 8.9 percent ofΒ Westchesterresidents were living below the poverty level between 2007 and 2011. The rate for those living below the poverty level was higher inΒ Rockland CountyΒ at 11.6 percent.

According to the AP, almost 85 percent of all working-age American adults will experience bouts of economic insecurity by 2030.Β 

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Are you one of the four in five Americans who will experience economic insecurity? How are you being affected by the current economy?

Β Have any suggestions for those who may be struggling? Tell us in the comments.


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