The gap between the wealthy and the poor is most extreme in several of the United States’ most prosperous and largest cities.
The number of poor people in America is 3 million higher than the official count, encompassing 1 in 6 residents due to out-of-pocket medical costs and work-related expenses, according to a revised census measure released Wednesday.
A recent study conducted by Pew Research’s Social & Demographic Trends division has found that the nation’s economic recovery has largely benefited America’s wealthiest citizens.
China’s new leader Xi Jinping pledged a cleaner, more efficient government Sunday as the country’s ceremonial legislature wrapped up a pivotal session that installed the latest generation of communist leaders in a once-a-decade transfer of power.
Bono hailed Americans for re-electing President Barack Obama but reminded them of the dire consequences that lie ahead because of the economy.
The ranks of America’s poor are on track to climb to levels unseen in nearly half a century. That means gains from the war on poverty in the 1960s are being erased amid a weak economy and fraying government safety net.
A new report suggests a large percentage of America’s middle class not only balances dangerously on the precipice of poverty but also is increasingly falling off.