You’re probably going to be poor
Decades of policies in which the market and capitalism are the be-all, end-all alpha and omega, gutting our manufacturing sector, trickle-up CEO bonuses and tax breaks…. AND we actually try to stop women from using birth control and ending unwanted pregnancies -- making more people who will only know welfare and food stamps because there are NO JOBS… we shipped them overseas and into Mexico.
We're number….1? No, we suck.
Goddamn America.
Decades of policies in which the market and capitalism are the be-all, end-all alpha and omega, gutting our manufacturing sector, trickle-up CEO bonuses and tax breaks…. AND we actually try to stop women from using birth control and ending unwanted pregnancies -- making more people who will only know welfare and food stamps because there are NO JOBS… we shipped them overseas and into Mexico.
We're number….1? No, we suck.
Goddamn America.
The findings suggest that for many Americans, a steady income and a stable career trajectory are not necessarily the norm. Using data from households collected between 1968 and 2011, Rank finds that over the course of a lifetime, Americans' economic situations can shift drastically. In a previous study published in his bookChasing the American Dream, Rank found that a striking 54 percent of Americans at one point fell below the U.S. poverty line.
“Taken together,” Rank said in a Washington University press release, “These findings indicate that across the American life course there is a large amount of income volatility.” In other words, when it comes to going through hard times, the question may not be “if,” but rather “for how long?” While 60 percent of people will experience poverty for at least a year, the new study says, around 25 percent are likely to experience five or more years of poverty, while about 12 percent are likely to go through five years of extreme poverty.
“Poverty is often thought of as a ‘them’ issue,” says Rank. “What these findings indicate is that poverty is an ‘us’ issue. It’s something that many of us, not just some, should be concerned about.”