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The “new normal”: More than one in five Americans at risk of destitution

July 29th, 2010
Categories: News, Economic

Link: http://wsws.org/articles/2010/jul2010/econ-j29.shtml

More than one in five Americans in 2009 suffered a household income loss of 25 percent or more over the previous year, according to a new report sponsored by the Rockefeller Foundation and entitled “Economic Security at Risk.” The report documents a steady increase in economic insecurity since the 1960s, and concludes that annual income losses of 25 percent or greater increased by 49.9 percent between 1985 and 2009.

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