Channel: Epic Economist

Category: News & Politics

Tags: middle class jobslow income jobsstock market bubblefinancial meltdownwealth transferinflationrent pricesasset bubblehomelessness crisisrising pricesfinancial stressworking class crisispovertyfood insecurityeconomic collapsefinancial sufferingmiddle class crisisfinancial crisisus homelessnesspoverty in americaeconomic crisiswealth inequalityincome inequalitystock market crashhousing priceseconomic recessionfood stamps

Description: The rest of the world sees America as the wealthiest nation on the entire planet. But when we take a closer look at the hardships our population is facing, we can rapidly realize that there's a tremendous amount of financial suffering in the United States, and that's getting dramatically worse with each passing year. Today, more money goes towards the pockets of the rich than ever before. Over the past few decades, we've been witnessing the greatest event of wealth transfer in the history of our nation without even realizing it. While billionaire CEOs like Mark Zuckenberg make over a million times more than the average American worker every year, many families out there, whose parents work themselves to the bone every single day, will still struggle to find what to eat and where to sleep with their children tonight. Extreme poverty continues to grow all across the country. According to an analysis released by the University of Chicago, at least 336,000 households with children live on less than two dollars a day. That’s a group known as the ultra-poor. Amid skyrocketing housing and rent prices, at least 600,000 Americans remain in a group known as the “unhoused”. “Right now, we are still trending in the wrong direction,” explained Anthony Love, interim executive director at the United States Interagency Council on Homelessness. “When the public is told that one particular policy is going to end homelessness, what they’re expecting is that they’re going to see fewer homeless people around,” added Stephen Eide, a senior fellow at the Manhattan Institute. What they haven’t considered yet is that housing has to come first, Eide stressed. Meanwhile, the gap between the rich and the rest of the population is worsening. On average, the top 1% of earners make 20 times more than the bottom 90% every year. The wealth disparity grows the higher up the ladder we climb. Even the mid-level one-percenters can’t reach the gigantic amounts earned by the ultra-rich. These disparities, make us question whether the US is indeed a rich nation or a nation for the rich. The answer is up to interpretation, but you can have a clearer picture about this issue at the end of this video. Today, we gathered some staggering stats that expose that poverty in the United States is wildly out of control. Here are 25 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind.  For more info, find us on: epiceconomist.com And visit: theeconomiccollapseblog.com