AVA Investment Analytics

January 2014 Emerging Markets Forecast

AVA Investment Analytics

January 2014 US Stock Market Forecast (Dow Jones & Nasdaq)

AVA Investment Analytics

January 2014 Commodities, Currencies & Precious Metals Forecast

AVA Investment Analytics

Brazil Economic Analysis 2013

AVA Investment Analytics

November 2013 Commodities, Currencies & Precious Metals Forecast

AVA Investment Analytics

November 2013 Dow Jones & Nasdaq Forecast

AVA Investment Analytics

November 2013 Emerging Markets Forecast

AVA Investment Analytics

August Precious Metals and Commodities Forecast Video Update

AVA Investment Analytics

August 2013 Emerging Markets Forecast

AVA Investment Analytics

August 2013 Dow Jones & Nasdaq Forecast

The State Of Poverty In The US
Friday, October 21, 2011, by Stathis

According to the U.S. Census, in the first quarter of 2010, nearly half of the population (48.5%) lived in a household that had at least one member who received some kind of government benefit. This record-high represents a 9% increase since the third quarter of 2008, amidst the global financial crisis. This data highlights not only the severity of the collapse, but also the increase in government benefits over the decades that have served to fill only a partial economic gap that has been created due trade policies that have impoverished tens of millions, as of jobs have been outsourced.  

Washington distributes tax dollars based on a variety of mechanisms. By far, the most common and largest benefits arise from the various means-tested programs specifically designed to help the needy. In 2010, needs-based programs accounted for the largest share of recipients, with approximately 34.2% of Americans living in households that received benefits such as food stamps, subsidized housing, cash welfare or Medicaid. An additional 14.5% lived in homes where someone was on Medicare. And nearly 16% lived in households receiving Social Security.
Social Security, Medicaid and Medicare comprise the nation’s entitlement programs, and are thus paid for by taxes as a form of social insurance. However, the chronically high unemployment rate has decreased the percentage of Americans who pay taxes. This is making the solvency of each program worse.
Based on estimates from the Tax Policy Center, 46.4% of households will pay no federal income tax in 2011, up from 39.9% in 2007, when the recession began.
Some 70% of the 19 million households (over 40 million Americans) that relied on food stamps last year had no earned income. Nearly half of all food-stamp recipients (47%) were children under the age of 18. Another 8% of recipients were age 60 or older. Whites made up the largest share of food stamp households, 35.7%. Some 22% of households receiving food stamps were counted as African American and 10% were Hispanic. U.S. born citizens made up the majority, 94%, of food stamp households.
Nearly 21% of households on food stamps also received Supplemental Security Income, assistance for the aged and blind. Some 21.4% received Social Security benefits. Just 8% of households also received Temporary Assistance for Needy Families, or the cash welfare program.
But 20% of households had no cash income of any kind last year (up from 15% in 2007, and 7% in 1990) because they were also unemployed. Just 21.8% of them had jobs in 2010, while 19.8% were jobless and looking for work. More than half of household heads who received food stamps, 51.1%, weren’t in the labor force and weren’t searching for work. On average, food stamp households brought home $731 per month in gross income. Their food assistance averaged $287 a month.

See Our Copyright Policy

Copyright © 2008-2015. AVA Investment Analytics, LLC. All Rights Reserved.

Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher.

These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.

Article 19 of the United Nations' Universal Declaration of Human Rights: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.

Printing Version More On Economics

Education (most articles are restricted)   Focused Research
Asset Management
Clearing Your Mind
Crooks, Liars & Idiots
Fundamental Analysis
How to Use Forecasting
Instructional Videos
Labor Market
Latin America
Media Deception
Mutual Funds
Precious Metals
Real Estate
Technical Analysis
US Markets
  Proof that Mike Stathis is One of the Top Investment Minds on Earth

2013 Mid-Year Global Economic Analysis (Video Presentation)

The Most Comprehensive Global Economic Report in the World

We recently released what we believe is the single most comprehensive and insightful global...

60 Stocks Poised for HUGE Moves

Next week we plan to release a special video presentation highlighting approximately 60...

Fundamental & Technical Analysis of Twenty Stocks Trading over $100

We have just released twenty (20) videos, each covering the fundamental and technical analysis of...

Economic Focus: Canada

In this report, we analyze Canada's economic health, its long term fiscal challenges and examine...

UK Economic Analysis: Housing and Banking Risk

Just released for subscribers of the Intelligent Investor is a 30 minute video presentation...

Telcom Analysis Video Presentation

In this 23 minute video, Mike discusses ways to play the AT&T/T Mobile deal, and summarizes the...

Investment Strategy Video Tutorial

We have just released an investment strategy video tutorial for subscribers to Dividend Gems. In...

Italy, France and Japan Economic Analysis

As a reminder, we released an economic analysis of Italy, France, Japan and the US in the October...


Terms and Conditions | Privacy Policy | Legal Disclaimers
Copyright (c) 2008-2014. AVA Investment Analytics. All Rights Reserved