Shocking Study: 4 out of 5 in USA Face Near-Poverty and Unemployment : Political Blind Spot

According to The Associated Press, 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 loss of good-paying manufacturing jobs as reasons for the trend. The chart above depicts this cumulative economic insecurity by age.

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.

via Shocking Study: 4 out of 5 in USA Face Near-Poverty and Unemployment : Political Blind Spot

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