If you add together all of the money owned by the poorest 3.8 billion people living on this planet, it would roughly equal the wealth controlled by the 26 wealthiest men in the world. Oxfam has just issued a brand new report on global inequality, and what they have discovered is making headlines all over the globe. The rich just keep getting richer, and meanwhile the slice of the pie owned by the poor just keeps getting smaller. Today, almost half the world lives on less than $5.50 a day, and approximately 795 million people “do not have enough food”. And even in a “wealthy country” like the United States, the gap between the rich and the poor is the largest that it has been since the 1920s, and more than half a million Americans are homeless right now. This growing inequality is a ticking time bomb, and at some point it is going to explode. (Read More...)
Poor
U.S. Life Expectancy Is Falling – And The 2 Biggest Reasons Why Will Absolutely Stun You…
Life expectancy in the United States has been falling in recent years, and we haven’t seen a trend like this since the days of World War I. When I was growing up, life expectancy was continually rising, and it was generally believed that it would keep rising for many decades to come. But that hasn’t happened. Instead, average life expectancy started to stall and now it has been declining. You might assume that this is because rates of cancer, heart disease and diabetes are going up, but the numbers are telling a different story. In fact, brand new numbers from the Centers for Disease Control and Prevention are telling us that life expectancy is going down in the United States because of a dramatic increase in drug overdoses and suicides… (Read More...)
Why Does America Have 13 Million Households That Don’t Have Enough Food To Eat?
Have you ever had a day when your children were crying due to hunger but the cupboards were completely bare and your bank account was empty? If you haven’t, you should consider yourself to be extremely blessed, because this is what real life feels like for millions upon millions of Americans in 2018. As you will see below, a third of all Americans cannot even afford “the basics” each month, and 13 million households are officially considered to be “food insecure”. In other words, they don’t have enough to eat. Many parents out there choose to skip a meal (or two) each day just so that their kids can have full stomachs. But sometimes the money runs out completely, and that is when it gets really tough. (Read More...)
The Gap Between The Rich And The Poor In The United States Hasn’t Been This Large Since The 1920s
The rich have been getting richer and the poor have been getting poorer for so long in America that it seems like it has always been this way. But it hasn’t. In fact, between the late 1920s and the early 1970s the gap between the wealthy and the poor actually steadily got smaller. And when I was growing up in the 1980s, it seemed like everyone was middle class, but now those days are long gone. A very small sliver of society at the very top of the food chain truly is “living the high life”, while most of the rest of us are deeply struggling. According to a brand new study just released by the Economic Policy Institute, the average American family in the top 1 percent brought home 26.3 times as much income in 2015 as an average family in the bottom 99 percent. The following comes from CNBC… (Read More...)