The Census Bureau released new poverty numbers today and it’s looking pretty grim, even for a person skeptical of the Bureaus methods. The New York Times has some nice commentary here. Someone said on my facebook page,
“I feel like I am reading about myself. Sometimes I feel like I am the only one going through this. It is reassuring to know that I am not, and I am also not the cause of the situation that me and my kids are in, contrary to what others choose to believe.”
It’s hard seeing that one in six people in this country are living in poverty, one in five among children. It’s interesting that the numbers might have been higher if not for a more prosperous relative that the family can temporarily move in with. Something that I find particularly interesting is that the poverty numbers, while climbing for adults and children, have stayed totally stable for the elderly. Another 2.6 MILLION people slipped into poverty just last year, the highest number since the Bureau began keeping track, 52 years ago.
Economists seized on a telling statistic: It was the first time since the Great Depression that the median American household had a lower income, adjusted for inflation, than 13 years earlier, said Lawrence Katz, an economics professor at Harvard University.
This is a depression disproportionately affecting the young, single mothers, minorities, and working families. Social Security has been able to offer a buffer to the elderly. What role is there for a social safety net for the people most vulnerable to downturns in our economy? This cannot become a country of only the very rich and the very poor. What ever happened to shared sacrifice?