CBS News reports on a recent poll that found what most us no doubt know well: that the average American is teetering on the brink of poverty and hardship:
Four out of five U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
The report classifies “economic insecurity” as a year or more of periodic joblessness, reliance on government aid such as food stamps, or income below 150 percent of the poverty line. When all races are taken into account, the risk of succumbing to one or all of these incidents rises to an incredible 79 percent.
The breakdown by race is particularly telling, as it signifies just how broad the impact of economic inequality and stagnation has been:
While racial and ethnic minorities are more likely to live in poverty, race disparities in the poverty rate have narrowed substantially since the 1970s, census data show. Economic insecurity among whites also is more pervasive than is shown in the government’s poverty data, engulfing more than 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by the Oxford University Press.
Marriage rates are in decline across all races, and the number of white mother-headed households living in poverty has risen to the level of black ones.
Nationwide, the count of America’s poor remains stuck at a record number: 46.2 million, or 15 percent of the population, due in part to lingering high unemployment following the recession. While poverty rates for blacks and Hispanics are nearly three times higher, by absolute numbers the predominant face of the poor is white.
More than 19 million whites fall below the poverty line of $23,021 for a family of four, accounting for more than 41 percent of the nation’s destitute, nearly double the number of poor blacks.
Sometimes termed “the invisible poor” by demographers, lower-income whites generally are dispersed in suburbs as well as small rural towns, where more than 60 percent of the poor are white. Concentrated in Appalachia in the East, they are numerous in the industrial Midwest and spread across America’s heartland, from Missouri, Arkansas and Oklahoma up through the Great Plains.
Buchanan County, in southwest Virginia, is among the nation’s most destitute based on median income, with poverty hovering at 24 percent. The county is mostly white, as are 99 percent of its poor.
There is no ignoring the racial dimension to poverty, and the roles played by both social and institutionalized racism. But class is increasingly becoming a determining factor, as those lacking the resources and connections needed to advance in the post-industrial economy — the vast majority of Americans — enjoy less of the country’s vast economic potential.
The U.S. remains the richest country in the world by a significant margin, and its economy has continued to grow rather healthily by global standards. There is no reason why so much of its population remains immiserated or, at best, hanging on by a thread. The capital and resources are there, but they are not being allocated and invested properly.
More corporate profits are going to shareholders and upper management, rather than in workers’ pay and benefits. More public revenue is being siphoned off by the military or through tax breaks and subsidies for the wealthy and big business. The political economy is woefully inefficient and tapping into the potential of the American public, whether through the provision of affordable education and job training, or by rewarding hard work through reasonable, liveable wages.
How we fix that is a whole different conversation for another day.