Archive for February 2010

The New Poor

February 23, 2010

The New Poor

“Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed.

Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in their lives — potentially for years to come.”

And, so begins The New Yorks Times article, “Millions Of Unemployed Face Years Without Jobs.” (February 22, 2010)

Who are the new poor? Read the article here and then take a look around in your neighborhood and city.

You may know some of the “new poor.” Hey, you may be one of the “new poor.”