Number Of "Ultrapoor" Americans Has Doubled Since 1996

If you’ve been paying attention to the economy for the past seven years or so, you’ve probably been wondering when the whole charade is going to come crashing down. When will all of those inflated markets and debts reach their apex, and start crumbling under the weight of economic reality, and leave us all destitute? There have been plenty of predictions, but none have truly come to fruition.

Well the truth of the matter is that there may not be a single day when everything grinds to a halt, and there’s plenty of evidence to suggest that our standard of living is crumbling in slow motion. For many Americans the end has already arrived, and their ranks are growing a little more every day. In fact, the number of Americans that are earning what amounts to a third world wage, has doubled over the past 20 years.

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