American Dream Now a Nightmare for Millions

U.S. Census: One in Five Lives on Less than $7 per day

By William Shanley

New Haven, Connecticut (April 16, 2007) From Combined News Services and Evolution Solutions Newsroom — A 2004 analysis of data by the US Census reports that 60 million Americans now live on less than $7 per day. That’s one in five in the U.S. living on less than $2,555 per year. At the same time, the richest 1 per cent now garners about 16 per cent of national income, double what they earned in the 1960s.[1]

While global income inequality is probably greater than it has ever been in human history, with half the world’s population living on less than $3 per day, and the richest 1% receiving as much as the bottom 57%, the fact that so many Americans are living on so little, is particularly confounding.

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