Posted 8 years ago on Nov. 19, 2011, 12:43 p.m. EST by looselyhuman
This content is user submitted and not an official statement
Older, Suburban and Struggling, ‘Near Poor’ Startle the Census
WASHINGTON — They drive cars, but seldom new ones. They earn paychecks, but not big ones. Many own homes. Most pay taxes. Half are married, and nearly half live in the suburbs. None are poor, but many describe themselves as barely scraping by.
Down but not quite out, these Americans form a diverse group sometimes called “near poor” and sometimes simply overlooked — and a new count suggests they are far more numerous than previously understood.
Another post on this same article: http://occupywallst.org/forum/is-this-the-us-you-want-to-live-in/
Also Elizabeth Warren gave a lecture on this phenomenon several years ago:
"The Coming Collapse of the Middle Class"