Rank has developed an Economic Insecurity Gauge, a measurement considering episodic unemployment for 1 year or more, usage of government aid like food stamps, and an income of less than 150% of the federal poverty line. For the record, the recent federal poverty line is set at $23,021 annual income for a family of four.
Yen's article is a quite detailed piece. Here are some highlighted points:
- 46 million of the U.S. public in poverty, about 15% of the total population
- 19 million whites are below the federal poverty line, constituting about 41% of the American poor
- Working class whites (those without college degrees) make up the biggest demographic bloc of the U.S. working age population
- American marriage rates are on the decline
- Among whites, rising pessimism about the future
- Among minorities, a 90% risk of economic deprivation at some point in life
Yen's article is linked below.
The AP's Hope Yen: 80% of American adults face economic distress at Various Points in Life