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Economy

“29% of households… ‘one emergency from poverty,’ one expert says”

“Over time, higher costs [Inflation] and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.” Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United… Continue Reading…

Economy

“Child poverty more than doubled in U.S. after expanded tax credits, stimulus checks ended”

“Child poverty more than doubled in the U.S. last year after financial assistance that supported families during the earlier days of the Covid-19 pandemic expired, the U.S. Census Bureau said Tuesday. The child poverty rate surged to 12.4% in 2022, up from… Continue Reading…

Economy

“The [Lockdowns] created a new billionaire every 30 hours as millions brace for extreme poverty”

“Oxfam International has a new report out today that highlights the rapidly widening gap between the few ultra-rich and the world’s poorest. The report, titled “Profiting from Pain,” found that during the first two years of the pandemic, a new billionaire was… Continue Reading…