I know some will disagree, but the old saying "The rich get richer and the poor get poorer" is becoming more real everyday. We have executives cashing in millions while their company files for bankruptcy, and their stockholders loosing their investment. Retirement pensions and IRA's loosing value and dwindling down to a worthless piece of paper. The government is estimating 1 out 10 U.S. citizens are getting food stamps. Not to mention the price of gas, food, clothes, etc. Then we have the President telling us the economy isn't that bad, only temporary. Below is the new release on poverty in Illinois. It shows a 19 percent increase in poverty over the last 9 years. Similar statistics can be found throughout the country. This doesn't look temporary to me. Maybe this is why so many people, young and old, are registering to vote for the first time. If enough of us stand up and work together, we as Americans can put our country back on track and continue to be the greatest country in the world. If we don't, nine years from now might be a whole lot worse.

 

 "Poverty is on the rise in Illinois.  The Heartland Alliance, in its annual report on poverty being released Wednesday, April 16th 2008 says 250,000 people have become poor here since 1999, a 19 percent increase. Wages, adjusted for inflation, are down, and the cost of basic living is up.

The total impoverished population in Illinois is 1,539,033, based on federal standards: Annual income of $10,400 or less for an individual, $14,000 for a family of two and $21,200 for a family of four.  Fifteen percent of Illinois families have zero or negative net worth, meaning their debt is greater than their assets.  In this year's study, poverty grew in 74 of 102 counties. Twenty-two counties are on the poverty-warning list, 44 on the watch list, based on indicators such as high school graduation rates, unemployment and teen birth rates.  Study author Amy Rynall says in the Illinois economy, many of the new jobs have been in low-wage sectors, yet people with declining wages have rising costs for housing, food, transportation, medical care and taxes. She blames a "regressive" tax structure for contributing to the problem.  The report suggests an increase in the Earned Income Tax Credit as the quickest way to alleviate poverty. Rynall says that will also serve as an economic stimulus, because low-income people will spend that money immediately on basic needs."

 
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9 Comments on Poverty is on the rise

APR
18
2008
537,496 Points 25 Featured Posts Outside Blog
Christopher, I do agree with you.  I do not have any statistics for the state of Tennessee but over all I can see the price of commodities going up.  While this will not effect the rich or the upper-middle-class it does effect people on the lower end of the pay scale. Interesting post.  Thank you
4:20am • #1

It's nice that you agree Michael! The problem with effecting people on the lower end is they're the ones that help support the upper end. It's has that domino effect, the less demand for the supply, everybody looses.

3:34pm • #2
APR
19
2008
1 Featured Post
A good call to action. Usually when my wife and I go to the polling station, we can feel quite alone. For the primaries this year, I was glad to be standing in a line for over an hour. I hope that this motivation continues in November. I also hope that we are looking at the stances of other candidates too (not just the presidential). Thanks for the post Christopher.
6:25am • #3
That's correct Frank, we need an overhaul of all of our Senators and Representatives. The government seems to get lost in it's own world, while the politicians continue to get raises and everyday people continue to suffer. That's was the scene at my polling place too, crowded. It was nice to see people caring.
9:50pm • #4
237,716 Points 56 Featured Posts Localism Sponsor Outside Blog
Christopher, it's amazing. If this isn't a depression....the "big" people won't even admit that we have been in a recession. Glad to see everyone getting out to vote. It's about time. I don't want to see a reenactment of the last election. NO hanging chads, PLLLLLLLLLLLLLease!
10:58pm • #5
APR
24
2008
"I don't want to see a reenactment of the last election". Neither do I Gena, time will tell. I'm still not convinced if it will make any difference who gets elected. One good thing going with the presidential election is the number of people that are interested, many younger, highly educated. Hopefully this will carry over with more being concerned with a positive future in our country instead of a large majority only concerned with their personal ambition.
1:55am • #6
JUL
24
2008

Mankinds standard of living is linked with the cost of energy used to maintain it. What doesn't have petroleum in it (plastics) is still delivered in boats & trucks that rely on it.  We have know energy costs are unstable since the 1980's energy crisis but what have we really done about it?

Consider joining organizations like these to help make a difference!

http://push.pickensplan.com/profile/GregZaccagni

http://www.wecansolveit.org/?source=GoogleSearch

 

9:58am • #7
AUG
09
2008
424,714 Points 48 Featured Posts Localism Sponsor Outside Blog

Christopher,

This post begs to be included in the group Real Estate and Politics!  Thanks for getting out the vote.

Mike in Tucson

10:34pm • #8
JAN
30

I noticed this blog is almost a year old and a lot of things have happened such as the Wall Street bail out and the downfall of the banking and real estate industries, so to sum it up it looks like poverty is still on the rise, to the top.

Brian
2:52am • #9

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Christopher Currins -Metro East Home Inspector

Godfrey, IL

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