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‘Enough already’: Jenrick’s defection gets mixed reception among Reform
members
-
Some supporters are concerned about the number of Conservatives being
welcomed by their party, and fear it could alienate voters
If Reform UK was officia...
33 minutes ago
2 comments:
Half of our nation, by all reasonable estimates of human need, is in poverty. The jubilant headlines above speak for people whose view is distorted by growing financial wealth. The argument for a barely surviving half of America has been made before, but important new data is available to strengthen the case.
1. No Money for Unexpected Bills
A recent Bankrate poll found that almost two-thirds of Americans didn't have savings available to cover a $500 repair bill or a $1,000 emergency room visit.
A related Pew survey concluded that over half of U.S. households have less than one month's income in readily available savings, and that ALL their savings -- including retirement funds -- amounted to only about four months of income.
And young adults? A negative savings rate, as reported by the Wall Street Journal. Before the recession their savings rate was a reasonably healthy 5 percent.
2. 40 Percent Collapse in Household Wealth =====/= 5 Facts That Show Half of America Is Seriously Struggling | Alternet http://www.alternet.org/economy/5-facts-show-half-america-seriously-struggling#.VNiSFk9SXGM.twitter
Half of our nation, by all reasonable estimates of human need, is in poverty. The jubilant headlines above speak for people whose view is distorted by growing financial wealth. The argument for a barely surviving half of America has been made before, but important new data is available to strengthen the case.
1. No Money for Unexpected Bills
A recent Bankrate poll found that almost two-thirds of Americans didn't have savings available to cover a $500 repair bill or a $1,000 emergency room visit.
A related Pew survey concluded that over half of U.S. households have less than one month's income in readily available savings, and that ALL their savings -- including retirement funds -- amounted to only about four months of income.
And young adults? A negative savings rate, as reported by the Wall Street Journal. Before the recession their savings rate was a reasonably healthy 5 percent.
2. 40 Percent Collapse in Household Wealth =====/= 5 Facts That Show Half of America Is Seriously Struggling | Alternet http://www.alternet.org/economy/5-facts-show-half-america-seriously-struggling#.VNiSFk9SXGM.twitter
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