Post by Miloch Post by MaxxX
S&P 500 at an all time high.
Milok, go get your hanky.
Staggering Number of Americans Can't Meet Basic Needs While Trump
Brags About the Economy
Post by Miloch
A new study by the Urban Institute published Tuesday found that 40
percent of Americans cant meet at least one basic needfood,
healthcare, housing, or utilitieseven as the economy approaches
nearly full employment with only a 4.4 percent unemployment rate.
Remember this as the president boasts about the stock market, as he
does frequently, without realizing its an indictment of his
policies: The people the president cares about are making obscene
amounts of cash while the rest of America is falling behind.
The findings in the study reveal how widespread the struggle to
meet basic needs is among Americans. Sixty percent of those who
reported at least one hardship reported experiencing two or more.
Almost a quarter of adults overall23 percentreported experiencing
food insecurity in the last year. A total of 35 percent reported
either problems paying medical bills or having an unmet medical
need that they couldnt afford to treat. More than half of black
and Hispanic respondents reported experiencing at least one
hardship compared to 34 percent of white people.
One interesting wrinkle: families who made just above the poverty
line were more likely to report problems with medical bills than
those below it, likely because of Medicaid, although a quarter of
those below the poverty still reported struggling with medical
bills. (The federal poverty level is $24,600 for a family of four.)
This is the inevitable result of means testing access to
government-funded healthcare and an indictment of how absurdly
expensive healthcare is, even on the Affordable Care Act exchange.
66 percent of those whose health was fair or poor experienced
hardship. This echoes previous findings from the Kaiser Family
Foundation, which found that even those with health insurance
struggle to pay for caretheir analysis found just under half of
people in fair or poor health are either uninsured or have
affordability problems despite having health insurance. The Urban
Institute also found that 55 percent of those who had an unmet
medical need experienced food insecurity, toomeaning those who are
too poor to pay for medical care are also more likely to be too
poor to eat.
All of this will only continue to get worse. Medicaid work
requirements will push more people into that most vulnerable
category of being sick, poor, and uninsured; the Trump
administrations plans to raise rents for the poorest will increase
the likelihood of evictions and homelessness. The question you must
ask yourself is: If unemployment is as low as it is and the stock
market is at an all time high, where is all the money going?
Lazy welfare fucks.....