False Sense Of Prosperity Analysis

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Jeffrey Ho Bendshadler English 50 1 March 2009 False Sense of Prosperity Due to the booming economy of postwar America during the 1950s and early 1960s, most Americans were living the American dream. “By 1960, per capita income was over $1800, $500 more than it had been in 1945.” (Brinkley, 790). The sales of private homes and automobiles increased dramatically; suburbs expansion grew rapidly; the widespread of technological advances lead many Americans to believe that prosperity was widely distributed. However, most people failed to recognize that more than 20 percent of the nation’s population was living below the poverty line. The population that was living in poverty was virtually hopeless; it was practically…show more content…
Most people have two or more cars, multiple computers, cable or satellite for their TVs. Many people that are living in poverty have a level of income that is enough for their basic needs- shelter, daily necessities and basic health care, however, their income is still significantly lower than the majority of the population. People that are living in poverty are not as easily distinguishable as it was in the 1950s. They dress the same, look the same and own the same things that people above the poverty do. The people living in poverty can accomplish living like people that are affluent due to credit cards and loans. These allow Americans to spend more than they earn. This over-spending is mostly due to the attempt to live a life that is beyond their means, which left these people to face persistent poverty. Many Americans are financially trapped due to their debts. Many are living from paycheck-to-paycheck and are drowning from credit card debts. Their bank accounts are consistently overdrawn. As their debts accumulate, their interests increase, with monthly finance charges and penalties, the amount of their debt increases. As their debt increases and become unmanageable, many people declare bankruptcy and lose their

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