Poverty in The United States
Poverty is sweeping through America, causing thousands of Americans to lose their jobs and homes and be on welfare. This major problem is happening throughout America to a large number of people, regardless of race, age, or gender. Poverty is affecting an increasing number of Americans everyday because of low incomes, required costs, and lack of education.
An important issue relating to poverty is required costs such as rent, groceries, bills, and other costs of daily living. In September 2006, Americans were ranked towards the top for being low on extra money. Surveys showed that 22% of respondents stated, after paying their basic living expenses, they had hardly any money left over for spending on themselves. More surveys showed that 41% of Americans use their spare cash on debt-relief and 38% of Americans said they used it for savings, rather than spending extra money on themselves. “Rising costs such as energy, gasoline, and a slowing housing market are all having a negative impact on the U.S consumers.” (Poverty in America) …show more content…
In 2009, there was a large difference in annual income between families headed by an individual who dropped out of highschool, and an individual who received a Bachelor’s degree. Without a college degree, 45% of children in the bottom fifth of income would most likely be in the bottom fifth as adults. With a college degree, children cut their odds of being in the bottom fifth 16% from 45%. About 79% of children with parents who were in the top income were enrolled in college, with about 53% of them earning a four year degree. Only about 34% of children whose parents were in the bottom income enrolled in college, with only 11% earning a four year degree.“Children from higher income families are more likely to enroll and graduate from college, than a child from a poorer family.” (Combating Poverty,
Poverty is sweeping through America, causing thousands of Americans to lose their jobs and homes and be on welfare. This major problem is happening throughout America to a large number of people, regardless of race, age, or gender. Poverty is affecting an increasing number of Americans everyday because of low incomes, required costs, and lack of education.
An important issue relating to poverty is required costs such as rent, groceries, bills, and other costs of daily living. In September 2006, Americans were ranked towards the top for being low on extra money. Surveys showed that 22% of respondents stated, after paying their basic living expenses, they had hardly any money left over for spending on themselves. More surveys showed that 41% of Americans use their spare cash on debt-relief and 38% of Americans said they used it for savings, rather than spending extra money on themselves. “Rising costs such as energy, gasoline, and a slowing housing market are all having a negative impact on the U.S consumers.” (Poverty in America) …show more content…
In 2009, there was a large difference in annual income between families headed by an individual who dropped out of highschool, and an individual who received a Bachelor’s degree. Without a college degree, 45% of children in the bottom fifth of income would most likely be in the bottom fifth as adults. With a college degree, children cut their odds of being in the bottom fifth 16% from 45%. About 79% of children with parents who were in the top income were enrolled in college, with about 53% of them earning a four year degree. Only about 34% of children whose parents were in the bottom income enrolled in college, with only 11% earning a four year degree.“Children from higher income families are more likely to enroll and graduate from college, than a child from a poorer family.” (Combating Poverty,