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Fri Feb 1, 2013, 04:58 AM

Nearly HALF of U.S. households live just one crisis from poverty

Nearly half of U.S. households are just one piece of bad luck - such as a job redundancy or a medical emergency - from poverty, it has emerged.

A staggering 43 per cent are 'liquid-asset poor', meaning that they are above the breadline, but don't have the savings to weather an emergency.

It means around 130 million people across the country are just one crisis away from the poverty line - and would fall beneath it within three months.

In addition, 27 per cent of American households are asset poor, the report by the Corporation for Enterprise Development found.

Read more: http://www.dailymail.co.uk/news/article-2094453/Nearly-HALF-U-S-households-live-just-crisis-poverty.html#ixzz2JdjWdFF7




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Reply Nearly HALF of U.S. households live just one crisis from poverty (Original post)
dipsydoodle Feb 2013 OP
CRK7376 Feb 2013 #1
bemildred Feb 2013 #2
Doctor_J Feb 2013 #4
bemildred Feb 2013 #5
Doctor_J Feb 2013 #3
nobodyspecial Feb 2013 #6
cbrer Feb 2013 #7

Response to dipsydoodle (Original post)

Tue Feb 5, 2013, 12:05 PM

1. Amen to that!

We lived that existence for 13 years. I taught high school in the rural south and with a stay home wife and 3 kids we barely made it from check to check. I can't count how many times I was counting/rolling pennies so I could put gas in the truck the next morning to get to school. Lots of PBJ lunches and lots of macaroni cheese for dinner. NC just did not pay us enough to survive, and I was lucky, I also had Army Reserve money coming in each month. But that meant I was missing one weekend a month with my wife and kids. We survived but it was ugly. We are more stable and safe from small emergencies now, but we never forget what it was like when we were living on a teachers salary. I will be retiring from the Army in two more years and return to teaching once again. I can hardly wait to be back in a high school classroom.

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Response to dipsydoodle (Original post)

Tue Feb 5, 2013, 03:04 PM

2. But only because the Congress is too cheap to pay for a decent safety net. nt

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Response to bemildred (Reply #2)

Wed Feb 6, 2013, 09:37 AM

4. Not too cheap

Too evil, and too beholden to the hyper-rich

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Response to Doctor_J (Reply #4)

Wed Feb 6, 2013, 09:45 AM

5. Too cheap, they don't think that we deserve it.

It all changed after Vietnam, when we would not fight their stupid war, they decided to start keeping all the money for themselves and their friends, and they have worked relentlessly and disingenuously in that direction ever since. I watched it.

They, of course, think that they deserve to be taken care of for life, and always have.

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Response to dipsydoodle (Original post)

Wed Feb 6, 2013, 09:36 AM

3. Add those to the ones who are already improverished, and you basically

have a 3rd world country

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Response to Doctor_J (Reply #3)

Wed Feb 6, 2013, 06:43 PM

6. Yes, but we have TVs and phones and microwaves

We are rich! Rich I tell you!

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Response to dipsydoodle (Original post)

Thu Feb 7, 2013, 04:21 AM

7. Eat the Rich nt

 

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