By Yves Smith -
Reader Cathryn Mataga complained yesterday in comments about the under-reporting of how bad things are out in the real world where most people live. It’s not hard to find proof of her thesis.
I received an e-mail today about an Associated Press story that ran on July 28, “80 Percent Of U.S. Adults Face Near-Poverty, Unemployment: Survey.” The findings are grim:
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.
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Majority of US adults are in or face near poverty
