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Chart Of The Day: Americans At Or Below 125% Of The Poverty Level

Tyler Durden's picture




 

From AP: "the number of Americans with incomes at or below 125 percent of the federal poverty level - the income limit for qualifying for legal aid - is expected to reach an all-time high of 66 million this year. A family of four earning 125 percent of the federal poverty level makes about $28,800 a year, government figures show." And visually...

As usual, if anyone expects these 66 million Americans (over 20% of the US population) to vote for someone who dares to even think about taking away any of the entitlements said tens of millions of people are used to, then by all means buy Las Vegas real estate.

 

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Sun, 08/19/2012 - 20:22 | 2719218 bobert
bobert's picture

Tenacious of you Spooz, and right on.

Green arrow.

Sun, 08/19/2012 - 20:38 | 2719258 nmewn
nmewn's picture

"Too bad if they aren't the lucky 44% who have insurance through their employers..."

See, this is what I'm talking about.

Not only is it "luck" that some are better off than others, its now become a "right" to anothers labor.

You're gonna have a great time when you hit 50-60yrs old and come down with a terminal disease and GOVERNMENT informs you by mail that they won't cover your "right" because your earning/taxing potential years are long behind you.

Just take a pill. because your employer already got ran out of providing you with a BENEFIT back in 2009 (remember?) and there are no more private doctors here...catch the choomwagon down to Costa Rica...but mortgage your house for cash first, they're gonna be extremely pissed still.

Sun, 08/19/2012 - 21:03 | 2719317 bobert
bobert's picture

It's concerning alright.

In a few years I'll have Medicare A B & C in place with a boat load of LTC Ins., placed with a very strong vendor.

Hope it all works within that system you envision.

Regardless it feels good to pay for it all (Part A in the form of previous federal taxes) in an attempt to be responsible.

We'll see.

I'm the type that will drop from a massive heart attack and won't need any health care anyway :)

Sun, 08/19/2012 - 21:46 | 2719419 nmewn
nmewn's picture

Same here...I'm making it a special point that no one will want to farm me for my organs.

But my spirit...ahhh yes, my spirit, will live forever ;-)

Sun, 08/19/2012 - 22:25 | 2719545 bobert
bobert's picture

We at times do think alike.

I didn't like the choice in the living will thing and when I tried to write in exceptions I exhausted myself trying to explain every friggin situation.

Chose my betrothed of a few decades as primary with several contingencies as HCPOA and will let do with that.

And, no my organs are not for sale either!

(I was amazed to read the other day that John Bogel had what he called a "young man's heart" in him. Amazing.....Never can tell unless one is faced with this, however, I think my spirit will be ready to go without going through something like this. Better things ahead.)

Have a good night.

Until next time.

Sun, 08/19/2012 - 19:03 | 2719055 percyklein
percyklein's picture

You mean they are likely to vote for the people who were in charge when they got on this line?

Sun, 08/19/2012 - 19:06 | 2719067 Monedas
Monedas's picture

Monedas checking in .... who needs their intellectual butt kicked ?  If people don't volunteer .... turn them into me !     Monedas    1929       Comedy Jihad Humour Poverty      

Sun, 08/19/2012 - 19:14 | 2719081 lolmao500
lolmao500's picture

In... related news...

The klaxon horn went off this evening for California municipal bondholders when Moody’s credit rating service issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government agencies will soon result in large numbers of municipal bankruptcy filings.

http://www.chrissstreetandcompany.com/2012/08/moodys-warns-mass-californ...

Sun, 08/19/2012 - 20:25 | 2719228 bobert
bobert's picture

Doesn't Moody's recognize a revenue problem when they see one.

Just raise them CA taxes and solve this thing.

Sarc off.

Sun, 08/19/2012 - 19:19 | 2719091 buzzsaw99
buzzsaw99's picture

Romney will fix this. [/sarc]

Sun, 08/19/2012 - 19:25 | 2719103 Everybodys All ...
Everybodys All American's picture

Obama will not and has not. So now what?

Sun, 08/19/2012 - 21:31 | 2719380 Whoa Dammit
Whoa Dammit's picture

Now we'll get rMoney and rAyn. Whoot! Whoot!  /sarc

Either way, nothing will change, except that I will probably get poorer.

Sun, 08/19/2012 - 19:29 | 2719104 LetThemEatRand
LetThemEatRand's picture

"if anyone expects these 66 million Americans (over 20% of the US population) to vote for someone who dares to even think about taking away any of the entitlements said tens of millions of people are used to, then by all means buy Las Vegas real estate."

I guess I'd better go shopping for some Las Vegas real estate then, because it seems to me that Karl Rove figured out a long time ago that a lot of those poor folks are single issue voters on abortion, guns, race (there are poor white people who think Obama is a muslim marxist who hates america, and there are also many who would never vote for a black guy for dog catcher much less President), or just plain old Red Team membership since their daddy raised 'em.  O'Romney gets those votes, which are probably around 1/2 of the poor population mentioned here.  In other words, the premise of this article is fundamentally flawed.  More poor does not necessarily mean more Obama votes.

Sun, 08/19/2012 - 19:35 | 2719122 bob_dabolina
bob_dabolina's picture

(there are poor white people who think Obama is a muslim marxist who hates america, and there are also many who would never vote for a black guy for dog catcher much less President)

Despite African American youth UE being at 50%, and the UE rate higher for the black demographic than any other, what does his support look like from that group? The approval rating amongst the black voting block stands at around 91%

So before you go slinging off at the hip about raycess white people refusing to vote for a black guy maybe you should consider the race bias on the flip side.

Sun, 08/19/2012 - 19:43 | 2719134 LetThemEatRand
LetThemEatRand's picture

It's a given that 99% (maybe 100%) of the poor blacks who vote will vote for Obama.  Hell yes racism cuts both ways, so what's your point?  My point is that plenty of poor white people will not vote for Obama even though it is supposedly against their economic interest to vote for Romney.  By the way, I don't expect Romney to do jack shit to take away the EBT cards anyway, though I agree 90% of the population believes that there is a big difference in policy between the candidates. 

Sun, 08/19/2012 - 19:46 | 2719144 bob_dabolina
bob_dabolina's picture

I was curious as to why you brought up the fact that there are some white people who won't vote for Obama because he's black when that argument is overwhelmingly true for blacks.

As a percentage of the population the black demographic is the most reliant on welfare programs. So yes, the more that become reliant on his promises of welfare, the more entrenched his support from them becomes.

Sun, 08/19/2012 - 19:59 | 2719162 LetThemEatRand
LetThemEatRand's picture

You choose you words carefully, so I suspect you know this already, but far more white people are on welfare than blacks.  A far higher percentage of black people are on welfare versus whites, but the last time I checked each person has a vote and it is not weighted by relative population size.   

Sun, 08/19/2012 - 22:24 | 2719540 nmewn
nmewn's picture

Well I don't need to choose my words carefully because I'm still free.

So I will ask, are you comfortable with the "liberal establishment" keeping blacks on the "democratic plantation" by scaring the shit out of them with talk of self determination and free markets (such as they are) as being no place for them?

Have you even considered that "whitey" fiscal conservatives (apologies to Sowell, Thomas, Rice, Williams and Sonnie Johnson etc ad nauseum) are trying to save from their welfare overlords?  

You should google up Sonnie, she's cool...and get your mind out of the NAACP and Southern Poverty Law Center 60's bullshit...the world has passed you by.

Sun, 08/19/2012 - 19:29 | 2719107 gdogus erectus
gdogus erectus's picture

This is why the US was set up as a REPUBLIC not a socialist, 50% latching mechanism called a democracy.  Can you imagine how stoked TPTB were when TV was invented....

Sun, 08/19/2012 - 19:31 | 2719111 goldfreak
goldfreak's picture

can we have another "free trade agreement"?

Sun, 08/19/2012 - 19:32 | 2719112 linrom
linrom's picture

As usual, if anyone expects these 66 million Americans (over 20% of the US population) to vote for someone who dares to even think about taking away any of the entitlements said tens of millions of people are used to, then by all means buy Las Vegas real estate.

 

The elites are OK with having their privileges to loot at will and not to pay any taxes taken away, that's why the choices that they give us is between Paul Ryan vs Paul Ryan.  I think that Paul; Ryan must be the real Tyler Durden.

 

Thank you for suggesting LV real estate, I already own some.

Sun, 08/19/2012 - 19:36 | 2719127 LetThemEatRand
LetThemEatRand's picture

The Grand Illusion is that anyone in charge actually gives a shit who wins.  It's a two-headed coin and they always get to call first. 

Sun, 08/19/2012 - 19:48 | 2719148 fonzannoon
fonzannoon's picture

i was just about to jump in here but you ended the conversation. that statement ends every conversation about this stuff.

Sun, 08/19/2012 - 20:21 | 2719213 francis_sawyer
francis_sawyer's picture

It doesn't TOTALLY end the conversation... Inquiring minds still want to know whose interests ARE served...

Like the City States of London and the Vatican, a third city state was officially created in 1871, with the passage of the Act of 1871. That city state is called the District of Columbia and is located on 10sq miles of land in the heart of Washington. The District of Columbia flies its own flag, and has its own independent constitution.

The constitution for the District of Columbia operates under a tyrannical Roman law known as Lex Fori, which bares no resemblance to the US Constitution. When congress passed the act of 1871 it created a separate corporation known as THE UNITED STATES and corporate government for the District of Columbia. This treasonous act allowed the District of Columbia to operate as a corporation outside the original constitution of the United States and outside of the best interests of American Citizens.

Although geographically separate, the city states of London, the Vatican and the District of Columbia are one interlocking empire called Empire of the City.

The flag of Washington’s district of Columbia has three red stars. One for each city state in the three city empire.

Sun, 08/19/2012 - 20:36 | 2719251 bobert
bobert's picture

And, don't you just wonder what kind of nefarious people could invent this stuff?

Sun, 08/19/2012 - 20:38 | 2719255 francis_sawyer
francis_sawyer's picture

Somebody ought to come along and shove their obelisks up their collective @sses... Worship THIS bitch!

Sun, 08/19/2012 - 21:07 | 2719327 bobert
bobert's picture

OK Francis.

Just write me in - Bobert for President.

I'l give it a try.

You want to be my body gaurd?

Sun, 08/19/2012 - 20:47 | 2719277 LetThemEatRand
LetThemEatRand's picture

I once thought this kind of shit was crazy.  Now I think it's crazy that so few people know this kind of shit.   The brilliance of the shadow rulers has been that the vast majority of people don't care to know or know to care what's behind the curtain (or even that there is a curtain), so long as they have whatever their socio-economic class considers a modicum of wealth and/or the illusion of opportunity for wealth.  As the system unravels, people may start paying more attention.  I guess that's when the FEMA camps come into play. 

Sun, 08/19/2012 - 19:34 | 2719115 kill switch
kill switch's picture

Sunday night JA double Z

 

http://www.youtube.com/watch?v=yljHdgeR-kI

Sun, 08/19/2012 - 19:35 | 2719118 Seasmoke
Seasmoke's picture

and this doesnt even take into account the COL on the northeast or west coasts

Sun, 08/19/2012 - 19:55 | 2719124 Monedas
Monedas's picture

Huxley ?  Lay off the MSM .... we Americans are not on the ropes quivering with fear and doubt .... we are kicking butt in the ME !  I believe we can now disengage in Afghanistan as the War On Terror enemies are now feeding on themselves .... we flipped a couple of dominoes and the rest are following !  How sweet it is !  Did you see Assad at his prayer meeting ?   That's what we look like to people like Huxley !  We kicked butt at the Olympics while Assad is going crazy !  If you want to demoralize us, Huxley .... you've got your work cut out for you !  Meantime, thanks for opening up to who you really are .... you give us smug pleasure as you squirm !         Monedas    1929       Comedy Jihad Don't Feed My Conceit

Sun, 08/19/2012 - 20:06 | 2719179 BurningFuld
BurningFuld's picture

You mean the world is not just one big happy family?

Sun, 08/19/2012 - 20:21 | 2719210 Monedas
Monedas's picture

It could be .... it would be .... we are 100 years behind where we should be if it weren't for Socialism's nefarious, implicit tax !         The biggest tax in history was when envious Puritans made us give away our slaves !         They didn't give a damn about the niggahs .... they were sick with envy that Southerners were livin' big and showing the world life's possibilities !    The biggest wealth transfer in history was when American blacks were given citizenship !    We have the richest poor in the world and I'm proud to say that black Americans live way better than most of the world's people !         Monedas     1929          Comedy Jihad No Apologies For Prosperity

Sun, 08/19/2012 - 19:55 | 2719159 Translator
Translator's picture

Obama = Poverty Pimpin' Presidunce

Sun, 08/19/2012 - 20:03 | 2719169 ItsDanger
ItsDanger's picture

So does the 66 million include the entire family of 4+ or just the income earner?    This analysis is confusing.

Sun, 08/19/2012 - 21:37 | 2719395 Mentaliusanything
Mentaliusanything's picture

Earner OR Earner(S) the S makes it look very scary. $28,000 is not even a livable wage for 4 (even if two are working part time).

America Needs a pay rise and its 20 years late. may be less profit for the Busness but that will feed back.

In the end the Problem is Credit - it is fake money and it kills

Sun, 08/19/2012 - 20:11 | 2719188 zilverreiger
zilverreiger's picture

omg, a thread that isnt about europe!

 

 

MOODY’S WARNS OF MASS CALIFORNIA MUNICIPAL BANKRUPTCIES
CALIFORNIA SALES TAX REVENUE NOSE-DIVES BY 33.5%

And this is the US's best state  #1 GDP  2T$   (#12 per capita)

I dont want to know what the rest looks like haha

Sun, 08/19/2012 - 20:21 | 2719212 Uncle Remus
Uncle Remus's picture

Kinda dry...

Sun, 08/19/2012 - 20:37 | 2719238 Monedas
Monedas's picture

Europe ceased to be intimidating .... when in 1963 .... in an Agip (sp?) gas station in Italy .... I went to take a shit and had to stand on the ceramic foot pads and shit into a hole in the floor !  That took all the pressure off !        Monedas       1929       Comedy Jihad Barefoot Count Exploring Poverty's Upside  

Sun, 08/19/2012 - 20:52 | 2719290 vvomantic
vvomantic's picture

Dwight-Howard, Center (your fate and ultimate goals)

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find long contacts with people or cause more difficult than move around. ”

Steve Nash (micro-blogging), Defender (next year's Fortune)

"You will take on new responsibilities. People are also more demands on you. Do you want to show enthusiasm, good faith, love, and collaboration. Justice, fairness

and honesty is very important. This is the year you selfless. ”

"Pay attention to maintaining health, otherwise will not be able to help others. In order to seize the time to rest and relax. Everything to be thoughtful, serious and

responsible. Your marriage will be very happy this year, had a quiet family life cheap nike shoes wholesale. You will have a desire to want to settle down. ”

Sun, 08/19/2012 - 21:05 | 2719323 dolph9
dolph9's picture

I mean, we're just fucked, people.  We're fucked.

There's nothing any of us can do but duck and hide.

Sun, 08/19/2012 - 21:12 | 2719338 Monedas
Monedas's picture

The next time I saw a pair of boots with rippled soles .... I thought back to those rippled foot pads in Italy .... the circle was complete .... I now knew what life was all about !          Monedas     1929       Comedy Jihad Perspectives On Poverty

Sun, 08/19/2012 - 21:30 | 2719373 Barry Freed
Barry Freed's picture

Why is everyone worried about money?  We can just print more.

Sun, 08/19/2012 - 21:58 | 2719453 crawldaddy
crawldaddy's picture

the result of decades of low taxes for the " job Creators" has lead to what?  it aint jobs...... it is THIS.

 

66 million living near or in poverty.If low taxes on the rich works, why hasnt it.  SInce the fucking 1980s taxes have been going down on the top 1%, and now they are at historic lows YET... no jobs.

 

TAX THE RICH

Sun, 08/19/2012 - 22:41 | 2719591 Totin
Totin's picture

Can you tell us how taxing the rich is an incentive to do business here? Can you tell us how increased regulation makes companies want to build factories here? Fact is you can't. We need to attract business, not drive them away. If we have no business here then you Socialists won't have anyone else's money to spread around. Wake up idiot.

Mon, 08/20/2012 - 01:40 | 2719837 Dr Benway
Dr Benway's picture

HELLO? There is no free market. It is all a fucking scam by this point. So by and large the 1% are not randian superheroes of commerce, they are bankster mobster crony capitalists that STOLE the money. They are successful in the sense that a crime boss is successful, not in any generation of greater good, but by virtue of great theft alone.

 

Until that is fixed, tax the 1% at a 99% tax rate. They are immune to the courts of law, only way to get the stolen money back is to take it back.

Sun, 08/19/2012 - 23:57 | 2719734 Walt D.
Walt D.'s picture

There is a proverb from the old counrty that translates:

He who works not eats not.

Obama may have tried to side step this with food stamps.

However, this translates to:

Those who work not achieve not.

Obama seeks to redress this with "tax the rich" rhetoric. This sends the message that you can get ahead without working. The decline of the work ethic is just another nail in the coffin.

Sun, 08/19/2012 - 22:07 | 2719477 Marley
Marley's picture

Haa ha ha ha ha, we're coming for "your" money.

Sun, 08/19/2012 - 22:19 | 2719515 jplotinus
jplotinus's picture

Poverty in the US, shown by the chart to have grown relentlessly from and after 9/11, is a direct outcome of that false flag operation and the pretextual wars that started 3 weeks after 9/11 and continuing to the present.

Poverty will increase until the illegal wars stop and our priorities are re-ordered.

It's the war, stupid.

Sun, 08/19/2012 - 22:17 | 2719517 yogibear
yogibear's picture

The Occupy Wall Strrer crowd will be waiting in line for their I-phone 5.

What a bunch of panzies

Wall Streetr and the banksters will walk all over them.

 

Sun, 08/19/2012 - 22:49 | 2719609 mirac
mirac's picture

I've got a ten foot pole beside me and I ain't going to touch it...

Sun, 08/19/2012 - 23:49 | 2719724 Walt D.
Walt D.'s picture

The real problem with poverty in America is intellectual poverty. This is a problem with K12 and college. Once the overseas grad students decide that they are better off going back to their own countries when they graduate the US will be in real trouble. 

Mon, 08/20/2012 - 00:45 | 2719787 dwdollar
dwdollar's picture

Intellectual poverty can't be cured by government schools and colleges. Fewer graduates is a net positive.

What we need is less graduate students and more risk takers with garages.

Mon, 08/20/2012 - 00:37 | 2719782 boiltherich
boiltherich's picture

So do the math, a family of four is in poverty at $23,040 per year.

This is one of the side effects of not reporting real inflation in the CPI, 30 years ago it was a little under $10k. It is considered poverty for a single person at $11,170, which is a joke. A family of four in poverty might live poorly in a small place designed for one or two, but a poor single male can't live in one quarter of an apartment. A family of four can buy in bulk at great savings, a single person can't except on very shelf life stable items like oats.   http://aspe.hhs.gov/poverty/figures-fed-reg.shtml 

And all of this supposes that a person could possibly live by spending on food and shelter alone, clothing from thrift shops, and availing oneself of various programs for the poor that the family of four gets help from but which single people are turned away from. In fact you can't live as if it were still 1949 and something as simple as a cup of coffee is assumed to be an unnecessary luxury the poor can and easily should do without.

I read an interesting statistic yesterday, I will try to find it for you, the 1,100 wealthiest people on the planet have more wealth than the poorest 3.5 billion. That is 1,100 people who own more than the lower half of the planet's population. No matter how far to the right you are even you will have to admit that is totally unsustainable. And if you have any human compassion you will describe it as I do, the definition of evil.

In modern America I can't say what poverty would be for a family of four, but I know that I am at about the 125% of poverty level on an income equal to $53,000 per year as a single guy. My living standards have dropped by nearly half, about 40 percent or so in just the last 6 years on the same income. I lived better in 2005 on 65% of my current income than I can live now on a third more. And yet I consider myself lucky because I know people that have to survive the same unreported inflation as I do but on far lower incomes. I wonder why they do not get angry as the population used to in such events and it is clear, they now know nobody listens or cares.

Mon, 08/20/2012 - 01:03 | 2719803 Under construct...
Under construction...'s picture

 Just out of curiosity...I wonder how they compile their stats. Our household has a 30-year-old who makes 10K, a 30-year-old step sibling who makes 10K, a wife that makes 9K net on a home business and a husband who makes about 31K after you take out the alimony paid. So our combined household income is 60K, but the two single 30-year-olds would show up as below the poverty line based on their taxable incomes. Yet neither of them is starving; neither is on any sort of public assistance, or homeless, and both have cars and some disposable income.

I'm not saying things are all bright and cheery, but I am saying that how you compile your data matters.

Mon, 08/20/2012 - 01:10 | 2719812 Increasingly Annoyed
Increasingly Annoyed's picture

Yeah. And since the population is expanding that flattens the curve too. There's more people at every level of income.

Mon, 08/20/2012 - 04:57 | 2719943 aleph0
aleph0's picture

 

"66 million Americans (over 20% of the US population) "

...  What is the "working" population of the US .. anyone ? ...

 

2011: 128 Million according to this :

http://en.wikipedia.org/wiki/File:US_Labor_Participation_Rate_1948-2011_...

 

So wouldn't this be more significant ?
" 66 million Americans (over 50% of the US working population) "  

 

Anyone else like to guess ?

Mon, 08/20/2012 - 05:22 | 2719954 roger714
roger714's picture

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