John Carney
CNBC
Wednesday, September 21, 2011
The prolonged economic slump we’ve been in since before the financial crisis really is different than recent recession experiences, especially when it comes to those who now live in poverty.
The official U.S. poverty rate in 2007 was 12.5 percent. Following the calamities of 2008 it climbed upward and kept climbing. By 2009, the rate was 14.3 percent. In 2010 it went to 15.1 percent, according to U.S. Census data reviewed by Pro Publica.
There has not been so large a portion of Americans in poverty since 1993. But this time the growth in poverty is different, hitting whites and suburbia harder than it did during the early 1990s slump. African Americans, by contrast, appear to be doing better.
The poverty rate for whites was 13 percent in 2010. That compares to 12.2 percent in 1993, according to the Census Bureau.
Full story here.
13 Responses to “Welcome to the Suburban Depression”
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Wages peaked 25 years ago…
some people are slow I guess
the sage Reply:
September 21st, 2011 at 2:33 pm
Time to roll on out some of that left-over government cheese.
Should be finely aged by now…quite tasty…gut fill.
SOON SUBURBIA MUST CHOOSE BETWEEN THEIR LIFE OR TJHAT OF THE WELFARE STATE.
I SAY FK THE BRO’S.
Don’t taze me bro! Reply:
September 21st, 2011 at 3:42 pm
The political segregation is deliberate, and in the long range intended to create reactions just as you have demonstrated in your comment. “Affirmative action” and other such things were created to foment anger and strifes between pawns.
Long story short, this is really about rich (haves), and poor (have nots). The NWO is the enemy of the poor white man, mexican, black, and everyone else. The middle classes who won’t serve the satanic system are being slowly phased out.
in a real jungle:
ALL movement is one of two types…
1. towards food…
2. away from danger…
should we call marlin perkins or bill burrud???
THE CHINAMAN Reply:
September 21st, 2011 at 2:18 pm
Adrenaline in both the pray and the predator make fear the great equalizer. One is never sure
just what an adversary will do upon contact.
Super Duper Man 1776 Reply:
September 21st, 2011 at 2:21 pm
SMITH AND WESSON.
The war is almost over. Alex please read this link asap!!! Everyone else who feels depressed. Read this link!!!
^
Copy/paste the h- at the beginning to form the link address.
^
^
^
h-ttp://divinecosmos.com/start-here/davids-blog/975-undergroundbases
^
If this is true everything changes very soon, and shit man this just has to be true!!!
the sage Reply:
September 21st, 2011 at 2:37 pm
Wilcox and Fulford?
Revelators of the unverifiable.
Unfortunately there is no let up in sight
Go to: Dailyjobcuts.com
Don’t taze me bro! Reply:
September 21st, 2011 at 3:48 pm
Dude, that’s fuckin grim. The only thing more disgusting than the cuts and who’s going out of business section, is the “who’s hiring” section. Totally depressing!
We are truly “circling the drain”…..
youtube.com/watch?v=TWrlbRdJsSE
The percentage and plight of poor people doesn’t matter. That is, unless your one of them!