Read the Bills Act Coalition

Thursday, January 10, 2008

60 Million People Live on $7 a day, I think not

The Global Research Center — a Canada-based website whose “writers, scholars, journalists, and activists research and report on globalization” as reported in the LA Times has stated that one fifth of the American public lives on $7 dollars or less (that rounds out to be about 60 million of us)a year. Your not even ordering off the value menu if you live on that (about $2,555 a year according to the article.) Anne Jacobsen at Pajama Media has a great analysis http://pajamasmedia.com/2008/01/who_says_60_million_americans.php of The Global Research Center’s report and the inherent flaws in the data, study and conclusions that espoused in the report and the account of the report in the LA Times. Some of her findings are quite insightful like:
• There were 37 million people in poverty in 2004
• There were 7.9 million families in poverty in 2004
• Poverty for a family of 4 in 2004 meant having an income of $19,307
• Poverty for a family of 3 in 2004 meant having an income of $15,067
• Poverty for a family of 2 in 2004 meant having an income of $12,334
• Poverty for unrelated individuals meant having an income of $9,645
If there are a total of 37 million people in America living in poverty, how could there be 60 million people living on $2,555 a year?

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