Tuesday, November 22, 2011

Living below the line

via http://economistsview.typepad.com/economistsview/2011/11/economic-insecurity.html


As 25 million Americans and their families continue to struggle to find jobs or full-time work and many newly created jobs are in low-wage industries, a new report on family economic security shows that 45 percent of Americans are unable to cover their basic expenses. Based on a comprehensive analysis of economic and demographic data by Wider Opportunities for Women (WOW), the new report finds many families are living without economic security even when household breadwinners are working. The findings suggest that federal budget cuts to programs like job training, career and technical education, unemployment insurance, and child care programs could compound the crisis facing American families. Click the links [at the original article] below to read WOW's full report, Living Below the Line: Economic Security and America's Families and to view an infographic on key findings.


he report showed that 55 percent of children live in households where families do not earn enough to achieve economic security. Even among those households with two full-time workers, 22 percent of those families with children earn less than is necessary to guarantee economic security.


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