Study: More than half of US seniors live in poverty

Discussion in 'Wall St. News' started by earth_imperator, Jul 27, 2022.

  1. In 2021, USA was the world's largest economy in ranking with a GDP of 23 trillions US dollars.

    So , we can say poverty is dark side of this no.1 ranking .
     
    #31     Jul 27, 2022
  2. albion

    albion

    Not below minimum wage it appears. But pretty low average annual salary for that type of back-breaking work: https://www.talent.com/salary?job=farm+worker ($29,250)
     
    #32     Jul 27, 2022
  3. ElCubano

    ElCubano

    I'd say 80% are undocumented and receiving way less than the min wage. No Link
     
    #33     Jul 27, 2022
  4. comagnum

    comagnum

    It's not just the old- the children have it worse in the U.S. than other developed nations.

    upload_2022-7-27_10-9-9.png
     
    #34     Jul 27, 2022
  5. Overnight

    Overnight

    That was a cool video. Gave the channel owner a like for it.
     
    #35     Jul 27, 2022
    earth_imperator likes this.
  6. Depending on the GDP news later today I fear that statistic could get a lot worse.
     
    #36     Jul 28, 2022
  7. Also interesting (bad) news:
    "

    Inflation Is Making Poverty in the U.S. Even More Difficult
    [...]
    Despite commitments from the Fed to slow it down, the national inflation rate has continued to rise, reaching 9.1% in the latest Consumer Price Index report, a four-decade high.

    Prices for food, housing and energy — the three biggest expenses for Americans — have increased 10.1%, 14.1% and nearly 50%, respectively.
    [...]
    Nationwide rental prices have skyrocketed this year, up nearly 14.1%, according to the July 2022 Apartment List National Rent Report.
    [...]
    Diane Yentel, president and CEO of the National Low Income Housing Coalition, told Newsweek that these prices are unsustainable, and will lead to a rise in evictions and homelessness,

    "With the exorbitant rent hikes lately," she said, "more and more of the lowest income people will fall into homelessness."

    "The housing market is like a game of musical chairs," Yentel said, "and when the music stops, it is always the people with the lowest or with no incomes that are left standing without a home."
    "
     
    #37     Jul 28, 2022
  8. smallfil

    smallfil

    One thing is sure. Joe Biden's economic policies are impoverishing all Americans. The filthy rich do not care because they can still have a nice life. If you work a 9 to 5 job, you will struggle as the price of gas, food, medicine, services, etc. all go up. Your income is static. Being retired, that is why I trade the stockmarket. Any monies I earn, I can spend on myself and my family as I wish.
     
    #38     Jul 28, 2022
  9. %%
    LOL\sounds like sarcasm:D:D; actually i admire a TX -Mex for pickin' berries or grapes in the sunshine:caution::caution:
    BoUGHT some strawberries for $1 a pac/pound this year= Short + Sweet Brand.
    WE had a good child hood\picked black berries in the hot July sun for nothing, except personal pleasure + private sector home health benefits.
    Hispanics never panic pickin' in heat; brown skin helps. [NOTa racial insult/ they were created that way mostly.]
     
    #39     Jul 28, 2022