4 out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare

Svnla

Lifer
Nov 10, 2003
17,999
1,396
126
... for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

First of all, the title is from the author, not mine. "Exclusive: 4 in 5 in US face near-poverty, no work"

Secondly, it is sad to see how many people are falling on hard time and strugling.


Linky = http://finance.yahoo.com/news/exclusive-4-5-us-face-175906005.html
 
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Lash444

Golden Member
Sep 17, 2002
1,708
63
91
Without opening the link, I am pretty sure the keywords you left out are "in their lifetimes"
 

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
This is the Obama Economy in action. Working as designed to get as many people on the dole as possible. Cloward-Piven in full swing and obamacare was the nail in the coffin.

He did this shit on purpose.
 

ivwshane

Lifer
May 15, 2000
31,935
14,380
136
This is the Obama Economy in action. Working as designed to get as many people on the dole as possible. Cloward-Piven in full swing and obamacare was the nail in the coffin.

He did this shit on purpose.

Oops someone didn't read the article, now they look like a moron!

Where is nelham to comment on this article?

Sounds like white people are becoming lazy (since, in the mind of the righty, being poor is a sign of laziness).
 
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drebo

Diamond Member
Feb 24, 2006
7,035
1
81
Struggling with adversity is good for a person. Builds character.

Pretty sure every middle class American since the dawn of America has finished school, got an entry level job, and was poor as fuck for at least a few years. This isn't anything new and it isn't going away.

You can't get a good paying job without experience.
 

woolfe9998

Lifer
Apr 8, 2013
16,018
13,759
136
The statistic discussed in the article seems rather meaningless. It requires that at some point you got some sort of public assistance, including unemployment checks, or that you were out of work as an adult totaling at least one year during your whole life. I've been out of work for about a year, 3 periods of about 4 months in between jobs. This is from my early 20's to my mid 40's. I'm rather affluent now, yet I qualify. Big deal.
 

IGBT

Lifer
Jul 16, 2001
17,921
121
106
elections have consequences. Your obama is economic and political blight.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,680
136
This is the Obama Economy in action. Working as designed to get as many people on the dole as possible. Cloward-Piven in full swing and obamacare was the nail in the coffin.

He did this shit on purpose.

elections have consequences. Your obama is economic and political blight.

Remarkable what people in denial can convince themselves to believe.

Why, everything would be coming up roses if we'd just elected ol' Johnny Boy McCain! If we'd just refused to bail out the banks! If we hadn't extended UI benefits, If there were no stimulus spending, and if the FRB hadn't engaged in QE!

Why, Hell yeh, it could be just like the good old days, just like 1931!

I get partisanship, but what I don't get is the astounding lameness & denial on the Right as to what happened to us and just how difficult it is to reverse that.
 

Anarchist420

Diamond Member
Feb 13, 2010
8,645
0
76
www.facebook.com
Why, everything would be coming up roses if we'd just elected ol' Johnny Boy McCain! If we'd just refused to bail out the banks!
John McCain supported the bailouts 100%.

It also would've been cheaper to directly bailout the people who were falling behind on their mortgage payments.
 

Yreka

Diamond Member
Jul 6, 2005
4,084
0
76
I am legitimately envious of people who think this shit can be fixed by simply replacing the guy in the Whitehouse..

Its the same sort of envy I have for those who can take comfort in the belief of a big father figure in the clouds watching over us all.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,680
136
John McCain supported the bailouts 100%.

It also would've been cheaper to directly bailout the people who were falling behind on their mortgage payments.

So what? The financial sectors' liabilities were much greater than that, given the amount of money that had to change hands in complex CDS settlements. It all zeroes out in the end, but the system lacked the liquidity for that to happen.

Of course McCain supported the bailouts, as did anybody with a lick of sense & a basic understanding of what was happening. Obviously, that doesn't include know nothing right wing teabagger zealots.
 

drebo

Diamond Member
Feb 24, 2006
7,035
1
81
So what? The financial sectors' liabilities were much greater than that, given the amount of money that had to change hands in complex CDS settlements. It all zeroes out in the end, but the system lacked the liquidity for that to happen.

Of course McCain supported the bailouts, as did anybody with a lick of sense & a basic understanding of what was happening. Obviously, that doesn't include know nothing right wing teabagger zealots.

I just wish the people responsible for creating and incorrectly rating the CDSs were in prison right now.
 

Double Trouble

Elite Member
Oct 9, 1999
9,272
103
106
The statistic discussed in the article seems rather meaningless. It requires that at some point you got some sort of public assistance, including unemployment checks, or that you were out of work as an adult totaling at least one year during your whole life. I've been out of work for about a year, 3 periods of about 4 months in between jobs. This is from my early 20's to my mid 40's. I'm rather affluent now, yet I qualify. Big deal.

Spot on post, the stat seems meaningless.
 

sportage

Lifer
Feb 1, 2008
11,493
3,155
136
This is the Obama Economy in action. Working as designed to get as many people on the dole as possible. Cloward-Piven in full swing and obamacare was the nail in the coffin.

He did this shit on purpose.

Oh PLEASE... Turn off the Faux channel. Try a little reality.
 

Acanthus

Lifer
Aug 28, 2001
19,915
2
76
ostif.org
I just wish the people responsible for creating and incorrectly rating the CDSs were in prison right now.

That is the real crime in all of it.

The obvious securities and complex product fraud that went on, was blatantly testified about, and still ignored.
 

lotus503

Diamond Member
Feb 12, 2005
6,502
1
76
I am legitimately envious of people who think this shit can be fixed by simply replacing the guy in the Whitehouse..

Its the same sort of envy I have for those who can take comfort in the belief of a big father figure in the clouds watching over us all.

This!
 
Oct 30, 2004
11,442
32
91
This is the Obama Economy in action. Working as designed to get as many people on the dole as possible. Cloward-Piven in full swing and obamacare was the nail in the coffin.

He did this shit on purpose.

Is that the same economy that crashed under Republican George W. Bush? Or was that some other economy where jobs and ice cream grew on magic prosperity trees?
 

TheVrolok

Lifer
Dec 11, 2000
24,254
4,076
136
The statistic discussed in the article seems rather meaningless. It requires that at some point you got some sort of public assistance, including unemployment checks, or that you were out of work as an adult totaling at least one year during your whole life. I've been out of work for about a year, 3 periods of about 4 months in between jobs. This is from my early 20's to my mid 40's. I'm rather affluent now, yet I qualify. Big deal.

If that's the basis of the stat, it really is awful. I'm in the same boat (well, not affluent now, but very likely will be in the not too distant future).
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
Stats are whack. Why lump a person who's been unemployed at some point in with this? If it really means anybody who's been on unemployment I guess I got my 4/5 of people contribution done. Last time I collected an unemployment check was during a few week stint between jobs and I spent the time watching TV and tiling a kitchen back splash. Hardly economically trying.

If the article is truly incorporating anybody who's ever been laid off and got unemployment while getting a new job it has skewed the relevance of its stats.
 

Genx87

Lifer
Apr 8, 2002
41,095
513
126
The statistic discussed in the article seems rather meaningless. It requires that at some point you got some sort of public assistance, including unemployment checks, or that you were out of work as an adult totaling at least one year during your whole life. I've been out of work for about a year, 3 periods of about 4 months in between jobs. This is from my early 20's to my mid 40's. I'm rather affluent now, yet I qualify. Big deal.

A coworker of mine was talking about this yesterday. My first question was "how are they defining poverty?". At one point in my adult life I would be considered living under the poverty line. Of course my life was completely fine and probably the best and most fun it ever was. That was when going through college making 6-8k a year working, going to school, and living on mac n cheese and pizza.
 

Lash444

Golden Member
Sep 17, 2002
1,708
63
91
...in their lifetimes, 5 out of 5 people are going to rape, steal, murder, or eat food.
 

Londo_Jowo

Lifer
Jan 31, 2010
17,303
158
106
londojowo.hypermart.net
Well, I guess I should consider myself lucky the longest I've been unemployed since I was 14 (I'm 55 now) is the one week I took off when I got out of the military before I started working for the company where I currently work (23 years).
 

Exterous

Super Moderator
Jun 20, 2006
20,272
3,275
126
The statistic discussed in the article seems rather meaningless. It requires that at some point you got some sort of public assistance, including unemployment checks, or that you were out of work as an adult totaling at least one year during your whole life. I've been out of work for about a year, 3 periods of about 4 months in between jobs. This is from my early 20's to my mid 40's. I'm rather affluent now, yet I qualify. Big deal.

Don't forget 'earning below 150% of the poverty line'. Also, the way I read it the joblessness was periodic* over a year not a cumulative year of joblessness. Regardless, I likewise have qualified during my lifetime.

*No mention of how they defined 'periodic'

That said I generally agree that the definition is quite broad. Getting an unemployment check? There are no mentions of any qualifications during schooling or when living at home. While they mention specific age groups later any references to the group at large only uses the noun 'adults'. So do 18 year olds living at home going to high school count?

I am curious about the date range selection. Why stop at 2009? Looks like most of the census poverty data goes through 2011. I also question basing projections on 2009 data as unemployment has dropped about 2.5% since their data end date.

Something else to consider with the date range selection is the GDP decline of this recession was the greatest since 1945 so its not suprising that 'lifetime economic insecurity' would be higher for this period than recession periods that experienced 1/2 the GDP decline. New AP headline: "Economic insecurity greatest during the Great Depression!"

(It really annoys me that they don't show their data or define many of their variables. "Survey data exclusive to The Associated Press" so just believe us ok?)

My first question was "how are they defining poverty?".

"Economic insecurity" :colbert: :p
 
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