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Half of U.S. Households Receive Government Aid … But One-Third of Americans Are Still One Paycheck Away from Homelessness
Posted By admin On October 6, 2011 @ 6:52 am In Prison Planet | Comments Disabled
Washington’s Blog 
October 6, 2011
One Third of Americans a Paycheck Away from Homelessness … Even Though Half of All Households Receive Government Assistance
The Wall Street Journal notes :
Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data.
And yet – as NakedCapitalism notes – One Third of Americans One Paycheck Away From Homelessness .
What Does It Mean?
We are in very tough times .
As I noted  last year:
Food Stamps Replace Soup Kitchens1 out of every 7  Americans now rely on food stamps.
While we don’t see soup kitchens, it may only be because so many Americans are receiving food stamps .
Indeed, despite the dramatic photographs we’ve all seen of the 1930s, the 43 million Americans relying on food stamps to get by may actually be much greater  than the number who relied on soup kitchens during the Great Depression.
In addition, according to Chaz Valenza (a small business owner in New Jersey who earned his MBA from New York University’s Stern School of Business) millions of Americans are heading to foodbanks for the first time in their lives .
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URL to article: http://www.prisonplanet.com/half-of-u-s-households-receive-government-aid-%e2%80%a6-but-one-third-of-americans-are-still-one-paycheck-away-from-homelessness.html
URLs in this post:
 Washington’s Blog: http://www.washingtonsblog.com/2011/10/half-of-u-s-households-receive-government-aid-but-one-third-of-americans-are-still-one-paycheck-away-from-homelessness.html
 notes: http://blogs.wsj.com/economics/2011/10/05/nearly-half-of-households-receive-some-government-benefit/
 One Third of Americans One Paycheck Away From Homelessness: http://www.nakedcapitalism.com/2011/10/one-third-of-americans-one-paycheck-away-from-homelessness.html
 very tough times: http://www.washingtonsblog.com/2011/10/the-prevailing-debate-among-economists-and-historians-is-whether-the-world-economy-faces-the-great-depression-of-the-1930s-or-the-long-depression-of-the-1870s.html
 noted: http://www.washingtonsblog.com/2010/12/underneath-the-happy-talk-is-this-as-bad-as-the-great-depression.html
 1 out of every 7: http://money.cnn.com/2010/12/21/news/economy/food_stamps/index.htm
 it may only be because so many Americans are receiving food stamps: http://www.washingtonsblog.com/2009/12/are-food-stamps-the-soup-lines-of-this-great-recession.html
 may actually be much greater: http://wiki.answers.com/Q/How_many_people_went_to_soup_kitchens_during_the_great_depression
 millions of Americans are heading to foodbanks for the first time in their lives: http://www.opednews.com/articles/The-Hunger-Game-by-Chaz-Valenza-101222-543.html
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