A full third of working in the families cannot afford basic needs any more.
From the New York Post:
Researchers at Brandeis University found 35% of American families do not meet the "basic family needs budget" — the amount needed to afford rent, food, transportation, medical care and minimal household expenses — despite working full-time year-round.
And the economic situation is even more dire for working black and Hispanic families, more than 50% of whom cannot afford the basics.
Half of black and Hispanic families can't afford basic needs.
Aren't the people currently in power the ones always saying they care about minorities?
At least the Inflation Reduction Act should reduce inflation and help us out, right?
Oh, right...
Low-income families with children are doing especially poorly, according to the survey, with more than two-thirds of full-time workers failing to earn enough to make ends meet.
Most of these families would need to earn about $11 more per hour to fully cover basic expenses, or about $23,500 in additional annual earnings, according to the research.
Meanwhile, black and Hispanic families would need to earn more than $12 per hour — an additional $26,500 per year — just to meet a family budget.
"These results are a wake-up call for decision makers to prioritize policies that address income inequality and racial and ethnic equity and extend real opportunities for economic self-sufficiency," said Dr. Pamela Joshi, senior research scientist and lead study author.
Or, maybe, if a certain "bad orange man" was still president and we weren't focusing on racial Marxism, then EVERYONE would be doing better.
No race-based redistribution policies are necessary. Just 4 years ago families from ALL backgrounds were doing better than ever.
The study, which is based on 98,000 households, also found that more than half of low-income Hispanic families do not have health insurance, and more than three-quarters do not have pensions.
"When families can't afford their basic needs, it places stress on parents' health, and it increases the likelihood that children will continue to lack resources and opportunities that promote their well-being," said study co-author Dr. Dolores Acevedo-Garcia.
The study offers several recommendations to policymakers to improve the economic outlook for low-income families, including creating more jobs that provide a living wage, expanding income support, and paid family and medical leave.
The recommendations probably won't serve to make things better. But the reality of the suffering is still there.
And nothing the party that says it's for "justice" and "compassion" has done has made things remotely better.
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