It’s no secret that poverty in America is an all time high! In different countries the word poverty has different meanings. There are also different qualifications around what would be considered as living in poverty. With unemployment rates on the raise, millions of American’s are finding it hard to make ends meet. Here are some interesting facts that show how much poverty is affecting families in America.
-The estimated level of poverty in the U.S.A. is somewhere around 14.5 percent
-Even though most Americans have full time jobs, about three percent of them are living at the poverty level.
-Lack of education is also blamed on poverty. Those who dropped out of high school are most likely to earn less the $16,000 a year then someone who has a high school education.
Theses numbers only give use a taste of why poverty is so high in States. There are other reasons why so many are having a hard time financially. For starters, job cuts are unemployment top the charts. When a person no longer has the income they once possessed, living the lifestyle they once had is null and void. Even if they were to receive unemployment benefits it’s still not enough to cover simple living expenses.
Let’s look at some disturbing facts of average incomes that show the levels of people in the United States who are pledged by poverty. These earnings are based on yearly earnings!
-Earnings of singles under the age of 65: $12,000
-Earning of singles over 65: $11,000
-Single Parents:
One Child: $15,000
Two Children: $ 17,000
-Two Working Adults:
No Children: $ 14,500
One Child: $17,400
Two Children: $ 22,000
Three Children: $26,000
Educating people about poverty is important for the future. Many are not aware of how others are living in low conditions. If these stats don’t change soon, there is no telling what shape our economy will be in for generations to come!
“Millennial” is the most recent term to roll off the press describing the lazy, self-entitled, spoiled generation raised by doting and over accommodating Baby Boomer parents, currently 18 to 29 years old. It’s a relatively new term, following Generation X and Generation Y, to describe society’s up-and-comers. And if you watch the news or read the paper, chances are you’ve heard or read this term once or twice over the last year to explain the national phenomenon dooming the future of the entire generation, given today’s bleak job outlook combined with Millennials’ characteristic sense of entitlement.