Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone
The Associated Press reports that “the number of Americans with incomes at or below 125 percent of the federal poverty level – the income limit for qualifying for legal aid - is expected to reach an all-time high of 66 million this year. A family of four earning 125 percent of the federal poverty level makes about $28,800 a year, government figures show.”
And this chart, courtesy of the Wall Street blog Zero Hedge:
The takeaway: Americans are falling into poverty at a rapid rate, and have been for at least the past 8 years. As the rich get richer and the poor get poorer, inequality has risen to an all time high.
As Kulture Kritick previously reported, nowhere has the impact of the Great Recession been felt more than in the black community.
There have been two recessions in this country, a White Recession, which is in partial recovery, and a Black Recession, which is still in free fall.
Log in- Posts -
Add New
-
Powered by WordPress -
Designed by Gabfire Themes
The Black Pill Bro. L. L. Hill
August 22, 2012 at 3:06 pm
We as a people will continue to get the same bull until we realize that each of us is indoctrinated to be white people living in beautiful Black race skin, and learn to overcome that. Only then will we be able to make our own race united, respected and self-sufficient. Contact me if you want to receive the pro Black social education of 2007.