Showing posts with label income inequality. Show all posts
Showing posts with label income inequality. Show all posts

Thursday, June 13, 2013

Half of all Americans Now Categorized as "Poor" or "Low Income"

From Huffington Post. Tip o' the hat to @stacyherbert.
President Obama acknowledged Monday that inequality is on the rise "even though the economy is growing." That growth hasn't helped many people who lost mid-wage jobs during the recession. Half of the U.S. population is now considered poor or low-income, and income has been redistributed from the middle class to the very rich faster under Obama than under George W. Bush.