BY: Adam Gavriel
A staggering report released Monday by the Huffington Post cites that an incredible four out of five U. S. adults struggle with joblessness, near-poverty, or reliance on welfare for at least part of their lives. For our math friends out there, you did not read that wrong – that’s 80% of American adults.
From the article:
“Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as the reason for the trend.
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.”
Pessimism among whites about their families’ economic futures has climbed to its highest point since 1987; showing that 63% of white Americans call the economy “poor.”
The article reports that while racial and ethnic minorities are more likely to live in poverty, race disparities in the poverty rate have narrowed by substantial amounts since the 1970s.
More from the article:
“Nationwide, the count of America’s poor remains stuck at a record number: 46.2 million, or 15 percent of the population, due in part to lingering high unemployment following the recession. While poverty rates for blacks and Hispanics are nearly three times higher, by absolute numbers the predominant face of the poor is white.”
“The risks of poverty also have been increasing in recent decades, particularly among people ages 35-55, coinciding with the widening income inequality. For instance, people ages 35-45 had a 17 percent risk of encountering poverty during the 1969-1989 time period; that risk increased to 23 percent during the 1989-2009 period. For those ages 45-55, the risk of poverty jumped from 11.8 percent to 17.7 percent.”
By 2030, close to 85 percent of all working-age adults in the U.S. will experience a time of economic insecurity.
This article from the Huffington Post only provides further strength to the point that while the U.S. economy is in a ‘recovery’ trends and relevant data continue to suggest otherwise. The American Dream, what once drew great people to this great nation, is now becoming more and more elusive.
At Crossroads Consulting, we always take these numbers to heart. The numbers affect us deeply on a personal level. As proven patriots, dedicated to making America a better place to live for everyone, we strive to put the ‘human’ back into ‘human resources.’
As an employment agency, we have job openings across the nation that we are looking to fill TODAY, but we need your help. We’re looking to hear from you right now, not tomorrow, not in a week, but right now. Our mission is to help you from step one, to the step you take into the office to start your new job. If you’re not confident on your resume, our recommended resume service is here to help. If you need a connection, reach out, as we are always networking.
When we read the numbers in the morning, it disgusts us in the office. We are setting out to make a difference, but we need you to help us do it.
Let’s start getting back on track together.