Tuesday, February 28, 2012

Growing Number Of Americans Can't Afford Food


Here in the United States, growing numbers of people can't afford that most basic of necessities: food.
More Americans said they struggled to buy food in 2011 than in any year since the financial crisis, according to a recent report from the Food Research and Action Center, a nonprofit research group. About 18.6 percent of people -- almost one out of every five -- told Gallup pollsters that they couldn't always afford to feed everyone in their family in 2011.
One might assume that number got smaller wrapped up with the national unemployment rate falling for several consecutive months. In actuality, the reverse proved true: the number of people who said they couldn't afford food just kept rising and rising.
The findings from FRAC highlight what many people already know: The economic recovery, in theory now more than two years old, has done little to keep millions of Americans out of poverty and deprivation. Incomes for many haven't kept pace with the cost of living, and for a large swath of the country, things today are as bad as ever, or worse.
Forty-six million people lived below the poverty line as of 2010, a record number, according to the Census Bureau, and one that's not even as high as some other estimates would have it. Take a further step back and the situation appears even more dire. About 45 percent of people in the U.S. have reported not being able to cover their basic living expenses, including food, shelter and transportation, according to the group Wider Opportunities for Women.
The official poverty rate is about 15 percent, but over two-fifths of Americans have so little saved that one financial emergency is all it would take to put them in poverty, according to the Corporation for Enterprise Development.
These high rates of financial insecurity -- a consequence of the weak job market, and the prevalence of jobs that don't pay very well -- are making themselves felt at the level of everyday spending.
Read it at The Huffington Post
Growing Number Of Americans Can't Afford Food
by  Alexander Eichler

Pretty shocking numbers.

3 comments:

TomatoBasil said...
This comment has been removed by the author.
Anonymous said...

Inflation in everything we must have, and deflation in things we formally wanted. It's the easiest way to tell that we had our inflation already in asset prices, and at some point the loss that already occurred must be taken by someone on all the garbage sold to the sheeple.

Mike Norman said...

This is a humanitarian disaster and the blame lies with these fascist, neoliberal policies. It must be ended!

Disclaimer

The views expressed may contain certain forward-looking statements. Although they are forecasts, actual results may be meaningfully different. This material represents an assessment of the market and conditions at a particular time and is not a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any security in particular. The opinions expressed here are the author's and do not reflect any opinion of John Thomas Financial, my Broker/Dealer, or any of its Affiliates. Securities offered through John Thomas Financial, Member FINRA/SIPC/NASDAQ. Accounts are carried by Sterne Agee, LLC, Member NYSE/SIPC.