Poll: Two-Thirds Of Americans Would Struggle To Cover $1,000 Emergency

The findings in the AP-NORC poll illuminate how many Americans’ frustrations over the economy, income inequality and insecurity about their financial futures has contributed to this dizzying presidential election season.

A women sits with her son for dinner in their new sparsely furnished apartment, Thursday, Aug. 13, 2015, in New York. After leaving her husband who beat her for years, she and her little boy spent the next three years homeless because she couldn’t afford New York City rents. About one third of American children are now living in poverty. (AP Photo/Bebeto Matthews)

NEW YORK  — Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years of recovery from the Great Recession, Americans' financial conditions remain precarious as ever. These financial difficulties span all income levels,


Substantial Increase Recorded In Military Use Of Food Stamps

Military families redeemed more than $100 million in food stamps in the fiscal year for 2013, a record high.

Dave McBee, left, a U.S. Marine combat veteran of the Iraq War waits in the "med line" at the "Soldier On" veterans homeless shelter, in Leeds, Mass., Friday, July 18, 2008. (AP Photo/Steven Senne)

Food stamp use at military grocery stores -- called commissaries -- has nearly doubled since the beginning of the “Great Recession,” topping out at $103.6 million in fiscal 2013, from $31.1 million in 2008. While the amount of Supplemental Nutrition Assistance Program benefits, or food stamps, has soared over the past five years, the rate of


If The “War on Poverty” Failed, Then It Failed Because Of Politicians Like Paul Ryan

In the whole of American history, there have been only four serious attempts made on the federal level to establish and strengthen the social safety net.

Paul Ryan

In the United States today, one in every six Americans live in poverty. One in seven is unsure where their next meal will come from and 1.6 million kids were forced to live in emergency shelters. In his first State of the Union address 50 years ago, Lyndon B. Johnson called on Congress to declare war against this plight.   “Let this session


What ‘Recovery’? Median Wage For Americans At Lowest Level In 15 Years

Average wages have increased, but a stagnant median wage means that only those already earning high incomes are getting a raise.

A new set of wage statistics indicates the median wage for Americans has dropped to its lowest level since 1998, indicating low-wage earners have been left out of the Great Recession recovery while the incomes of the nation’s highest earners continue to grow near-exponentially. The trend, reported on Al Jazeera America, is based on the median


Debtors’ Prisons Plague Impoverished Americans Who Can’t Afford Court Fees

Many jurisdictions seem not to have gotten the Supreme Court’s memo that people can’t be jailed for unintentionally failing to pay a criminal fine.

While the world slowly bounces back from the Great Recession, the U.S. Department of Justice seems to be encroaching more and more into the daily lives of Americans -- dishing out harsher punishments for behaviors that historically were punishable with no more than a small fine. Take Linda Bearden, for example. She’s been in jail multiple times


The US Doesn’t Tax Financial Transactions. Here’s Why That Might Change Soon.

Europe gives “Robin Hood tax” momentum toward potential counterbalance against riskier speculation.

  WASHINGTON – A series of rallies, briefings and stepped-up lobby efforts rolled through Washington this week in support of legislation that would institute minor new taxes on the trading of stocks, bonds and derivatives, action on which the United States is lagging far behind much of the rest of the world.  Advocates of a U.S. financial