Myth #5: Most of the poor are older Americans. About 10 percent of people 65 years and older are poor, but 35 percent of the poor are children under 18. Between 2000 and 2008, the incomes of people ages 25-54-especially men-decreased about 11 percent but increased by 8 percent for men ages 65-74. Myth #6: The poor get special advantages. The poor pay more for goods and services than do wealthier people.
Mariana Alcaraz Mr. Farrely Sociology / Research Paper Poverty In America Poverty In America there are 46.2 million Americans are now leaving in poverty which that is a lot it grew by 2.6 million in just the last 12 months in 2011. The government census reported that is the most they have ever seen based in poverty in America. The U.S Census Breau have reported that the median household income has dropped 2.3 % in 2010 after accounting inflation. They have also determined that based on estimated crimes done in the United States where commited by low-income people. The poorer the people the more they are more likely to commite a crime or go to jail.
There were about 8,000 filers who reported gross incomes of more than $10 million. Thus, under Obama’s proposed Buffet Rule, about a quarter of a million millionaires would pay higher taxes. The marginal tax rate is the percentage paid on gross income. A wealthy tax filer pays the size of their income that is taxed at the top 35 percent rate. Middle-class taxpayers generally pay marginal rates of 15 percent or 25 percent.
In 2008, 15.45 million children, or 20.7%, were poor (Income, Poverty, and Health Insurance Coverage in the United States, 2009). Declining wages account for a major part in the increase of poverty in families. Therefore putting housing out of reach for many families. Statistics show that households still need to work over 40 hours a
In the 70’s 47% of Americans were overweight. In 2002, more than 65% of Americans are overweight including 31% who were clinically obese. An article this year in the Journal of the American Medical Association said that about 112,000 premature deaths in 2000 attributed to obesity. The blame for obesity is mainly the fleet of fast food chains, whose Americans sales went from $6 million in 1970 to $134 million in 2005. (EBSCOhost) Eric Schlosser, author of Fast Food Nation says that “Americans spend more on fast food than they do on higher education, PCs or new cars.” Nearly 400,000 Americans die each year in the United States of poor diet and not exercising that is an increase of 33 percent since 1990.
#17 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years. #18 According to the most recent numbers from the U.S. Census Bureau, an all-time record 49.2 percent of all Americans are receiving benefits from at least one government program each month. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government. Many will read this and will assume that I am against helping the poor. That is completely and totally not true.
The sudden downturns in the economy led to a sharp drop in gold reserves and put pressure on the government to bring in a high protective tariff. From 1896 the political influence of big business remained a key factor in politics. Big business contributed to the political dominance of the Republican Party until 1912. The impact of big business on the economy was the size and mount of American Wealth and the relatively new and unregulated financial system meant that great entrepreneurs (often referred as ‘robber barons’) could use ruthless methods to defeat their competitors. Also in
But in the same period… the earnings of America’s most highly paid CEOs rose by 4300 per cent.” (Bone 1) Amazing isn’t it that many people barely get by on their paychecks while other live lavishly. How do we close this gap of economic inequality? Marx believed it was necessary to seek refuge in communism. This did not turn out well for China or Russia who tried to apply this principle only to become a totalitarian government. Although people want to close the economic gap “only 2 percent chose the
According to Iceland, “The poorest 20% of the global population has not benefited much from general improvements. Of the world’s population living in developing and transition economies, 2.8 billion, or almost half, live on less than $2 a day.” There has been an extreme measure of poverty throughout the world that has lead to material and income deprivation across several regions. Sadly among the wealth nation in the world, the United States has a greater proportion of people who are poor. The United States having the highest GNP per capita in the world, at $26,400, has higher levels of both absolute and relative poverty than other rich countries in Northern and Western Europe. This reflects inequality and an uneven distribution (both factors that attribute to poverty) of wealth in
Poverty in America has climbed to its highest since 1993. 15.1 percent of Americans currently live under the poverty line (Stanglin). People all over the United States are falling into poverty due to various reasons such as: income, student loans, mortgages, unemployment, and most importantly, lack of education. The poor are becoming poorer, and the rich are becoming richer. The poorest 40 percent of the world’s population accounts for 5 percent of global income, and the richest, 20 percent accounts for three-quarters of the world’s income (Shah).