America is in a Depression: 4 of 5 U.S. adults jobless, poor, or on welfare

poor whites

The propaganda from the Main Stream State Controlled Media about an economic “recovery” is just that — propaganda.

We’re not even in an economic recession any more. America is in a second Great Depression.

Just because we don’t see soup lines like in the first Great Depression doesn’t mean we’re not in one. For that matter, it was liberal economist Paul Krugman who, a year ago, had said America is in an economic depression. He said then that the reason we don’t see soup lines is because the poor today get their welfare in the form of checks and ATM cards. They don’t have to stand in line for food, and so government welfare has made the Second Great Depression invisible.

And the face of the Second Great Depression increasingly is white.

According to an article by the Associated Press, titled “Signs of Declining Economic Security,” survey data “exclusive” to the AP show that a shocking 4 out of 5 U.S. adults are jobless, near poverty, or rely on welfare for at least parts of their lives.

Economic hardship is particularly on the rise among “white” Americans, their pessimism about their families’ economic futures at the highest point since at least 1987. In the most recent AP-GfK poll, a majority of whites (63%) call the economy “poor.”

Economic insecurity among whites also is more pervasive than is shown in government data: As many as 76% of white adults have experienced or are experiencing economic insecurity by the time they turn 60, according to a new economic gauge being published next year by the Oxford University Press. The gauge defines “economic insecurity” as experiencing unemployment at some point in their working lives, or a year or more of reliance on government aid such as food stamps or income below 150% of the poverty line.

Measured across all races, the risk of economic insecurity rises to 79%, which means as many as 4 out of every 5 U.S. adults are jobless, or living near poverty, or dependent on welfare. 

If those trends continue, by 2030, close to 85% of all working-age adults in the U.S. will experience bouts of economic insecurity.

The reason why we know less about struggling white Americans is because they are “the invisible poor.” Unlike racial minorities who tend to live in big cities like Detroit and Chicago, lower-income whites are generally dispersed in suburbs and small rural towns — in Appalachia, the industrial Midwest, and across the heartland — where more than 60% of the poor are white.

William Julius Wilson, a Harvard professor who specializes in race and poverty, noted that despite continuing economic difficulties, minorities have more optimism about the future after Obama’s election, while struggling whites do not. Wilson warns, “There is the real possibility that white alienation will increase if steps are not taken to highlight and address inequality on a broad front.”

poverty by raceHere are some more of the AP survey findings:

  • Whites (over 19 million) account for more than 41% of America’s poor, subsisting on $23,021 or less for a family of four. In fact, the number of poor white Americans is nearly double the number of poor blacks.
  • In 2011, 12.6% of adults in their prime working-age years of 25-60 lived in poverty. But measured in terms of a person’s lifetime risk, a much higher number — 4 in 10 adults — falls into poverty for at least a year of their lives.
  • The risks of poverty has been increasing in recent decades, particularly among people in their peak earning years of ages 35-55. For that age group, their risk of poverty increased from 17%  during the 1969-1989 time period, to 23% during the 1989-2009 period.
  • For the first time since 1975, the number of white single-mother households living in poverty with children now equals or even surpasses the number of blacks, spurred by job losses and faster rates of out-of-wedlock births among whites. White single-mother families in poverty stood at nearly 1.5 million in 2011, comparable to the number for blacks, and more than the 1.2 million Hispanic single-mother families.
  • More children — 1 in 10 — are living in high-poverty neighborhoods, defined as those with poverty rates of 30% or more. This puts the children at higher risk of teen pregnancy or dropping out of school. Among those at-risk children living in high-poverty neighborhoods:
    • 17% are nonHispanic white, an increase from 13% in 2000, even though the overall proportion of white children in the U.S. has been declining.
    • 39% are Latino, an increase of 1% from 2000.
    • 37% are black, a sharp decrease from 43% in 2000.
  • Going back to the 1980s, never have whites been so pessimistic about their futures, according to the General Social Survey, which is conducted by NORC at the University of Chicago. Just 45% say their children will do better than them, based on the way things are in America. That percentage increases to 49% among working-class whites. In last year’s presidential election, Obama won the votes of just 36% of working-class noncollege whites, the worst performance of any Democratic nominee among that group since 1984.

H/t FOTM’s Igor.

~Eowyn

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DCG
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The fundamental transformation of America…

Alice Wolf
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Alice Wolf

It would appear that the banking elite are engineering the Detroitdom of Chicago so that they can get out of their obligations such as pensions and such. This “depression” is artificial in as much as it is rigged to make the proletariat to give up everything so that the oligarchs can swagger around like gods and goddesses. Creativity is frowned upon and stamped out as much as possible, children are not educated well and healthcare is rotten to the cores.

Alice Wolf
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Alice Wolf

The statistics across the various ethnicities and age groups etc is an interesting subject except that it is all under one umbrella. The intention for mass genocide. Unless you are good slave material then “off to the principals’ office you go” in the vernacular of M.C.Hammer. The oligarch’s monetary system is failed and they don’t want to have anyone take over so they are interested in wiping out as much competition as they can. Look at Turkey, look at Brazil, look at Egypt even the Saudi princes are defecting.

Alice Wolf
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Alice Wolf

Let’s give them a run for their money. Lookout Ms. Feinstein et al.

pnordman
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Yep, famous first-to-last words: “I’m gonna change America” and The One has!! Thanks so very much for this particular post, Eo – I love the way you get all your info/facts into these posts!

japoa
Guest

This is what the puppet-masters want and Barry’s giving it to them on a silver platter . Other countries have felt ” the pinch ” . We are going to feel the” hammer-lock “. Unfortunately it’s going to get real ugly .

Anonymous
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Anonymous

Thanks, Democrats!

DC
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DC

I am one of the many experiencing this second Great Depression. I am glad people are beginning to call it just what it is, a Greater Depression, not a recession. I am a husband and father of 3. I hold a Bachelors degree in business management and am a MBA graduate. I have over 20 years experience in business and am quite good at what I do if i may say so without sounding boastful as that isn’t my intention. Care to know what I’ve been doing for the past 18 months for 60-80 hours a week alongside my spouse?… Read more »

DCG
Admin

The jobs are fewer and harder to find these days…unfortunately.

Hang in there & prayers for your family.

Mike
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Mike

DC, don’t feel bad about receiving gov assistance. A lot of us have been there. A lot of us are there right now. The difference is you and many others have been paying taxes all these years. The least this so-called gov of ours can do is extend a helping hand.