Weekend Economists Take a Chance and Call a Bluff July 26-28, 2013

[bread_and_roses]

66. Most of us are losing in the Job (security) Lottery -

Crosspost from kpete http://www.democraticunderground.com/1014550583#post2

80 Percent Of U.S. Adults Face Near-Poverty, Unemployment: Survey

WASHINGTON — Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.

... The gauge defines "economic insecurity" as a year or more of periodic joblessness, reliance on government aid such as food stamps or income below 150 percent of the poverty line. Measured across all races, the risk of economic insecurity rises to 79 percent.