One in seven Americans live below the poverty line

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A weekly round-up of hopeless economy news. Time to get psyched!

  • The percentage of Americans struggling below the poverty line in 2009 was the highest it has been in 15 years, the Census Bureau reported. With the country in its worst economic crisis since the Great Depression, four million additional Americans found themselves in poverty in 2009, with the total reaching 44 million, or one in seven residents. [NYT]
  • Which is probably why one in 10 children in the U.S. now lives with a grandparent according to a new Pew Research Center study. [WSJ]
  • And unemployed adults attend job fairs aimed at college kids. [WKTV]
  • But at least that’s not as bad as appearing on the new season of the The Apprentice, which has gotten inspiration from the recession and found 16 jobless people to shame on national TV. [NYDN]
  • Luckily though for us, Japan, Germany and Britain fell further than the United States, with drops ranging from 6.4 percent in Britain to 8.7 percent in Japan; each has further to go to recover to prerecession levels. The economies of the three Baltic states — Lithuania, Latvia and Estonia — all shrank by at least 18 percent. The only other economy to perform that poorly was Ukraine, also a former Soviet republic. [NYT]
  • Good news, I think? The recession has changed how people shop for fashion, with an eye for special pieces rather than trusty wardrobe basics, and top retail buyers say this trend is likely to last beyond an economic recovery. [Reuters]
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3 thoughts on “One in seven Americans live below the poverty line

  1. The question is though how many people are below poverty by choice? I know that when I lost my job back in 2008 I was forced to work multiple jobs and have been fortunate enough through promotions to not have to have 2 or 3 jobs going on at one time. We could have taken advantage of Government programs to assist in aid but we saw no need.

    I think more Americans are becoming sissies and look around and want to get something for nothing. Just like College Graduates thinking they should be paid large salaries because they graduated from XYZ college. I was one of them, I know, and there is nothing more humbling than having to work the way to the top. It’s time for Americans to pull themselves up by the boot straps and stop complaining, time to stop doing nothing and focus the energy on bettering themselves.

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