The Poverty Rate is Rising Rapidly But Still Low by Historical Standards
Poverty climbed in the U.S. for five months as the country headed into the 2020 election amid rising infections and bitter partisan divisions stood in the way of a new round of economic aid.
The poverty rate rose to 11.7 percent in November, up 2.4 percentage points since June, according to new data released Wednesday by researchers at Zhejiang University, the University of Chicago, and the University of Notre Dame.
The latest data show that the poverty rate rose in each month beginning in July. Before that the poverty rate had dropped down to record lows thanks to stimulus payment from the federal government issued in April and May, and the expansion of unemployment insurance eligibility and benefits.
The data come from a new poverty measure that the researches claim provides near-real-time poverty estimates using U.S. Census Bureau data.
The rise of 2.4 percentage points is extremely rapid by historical standard, the largest jump in a single year seen in government data going back 60 years.
Despite the rise, the poverty rate remains low by historical standards. Excluding this year’s very low rate, a poverty rate of 11.7 would be the lowest since 2001.
The increase in poverty in recent months was more noticeable for blacks, children, and those with a high school education or less, the researchers said. For blacks, poverty has risen by 3.1 percentage points since June. Poverty has also risen for those with a high school education or less, from 17.0 percent in June to 22.1 percent in November.
In November, however, the changes went the other way. The poverty rate for children fell while the rate for working-age adults and older Americans climbed. The poverty rate for whites rose and the poverty rate for blacks declined. The rate for those with some college education rose while those with less education saw the poverty rate fall.
The new data was first reported in the Washington Post.
WHO BENEFITS FROM JOE BIDEN AND THE GLOBALIST DEMOCRATS’ AGENDA OF OPEN BORDERS?
Start with the Mexican drug cartels which now operate in all major American cities. Their drug proceeds are laundered by some of the biggest banksters on Wall Street, all cronies of Joe Biden!
https://mexicanoccupation.blogspot.com/2020/12/joe-biden-and-la-raza-mexican-drug.html
Pollak: Joe Biden Names Susan Rice to WH Despite Record of Lying, Failure
https://mexicanoccupation.blogspot.com/2020/12/the-many-scary-lives-of-susan-rice.html
https://mexicanoccupation.blogspot.com/2020/12/bidens-open-borders-for-hordes-of-cheap.html
As this won't be done all at once, Biden will do his best to try to hide the politically explosive consequences from public view. The new administration will likely fail to mask the fallout of Biden's immigration pledges, but he has the Top Men in the anti-borders brain trust working on the problem.
JOE BIDEN’S BILLIONAIRES FOR OPEN BORDERS OLIGARCHY.... Is old Joe finished performing his ‘populist’ gig?
https://mexicanoccupation.blogspot.com/2020/12/tucker-carlson-biden-oligarchy-and.html
What matters, Joe Biden wants you to know is that this is a democracy, always has been, always will be and by electing Biden and the small secretive group of billionaires who choreograph his every move, this country has become even more democratic, small seat, democratic, of course. And that’s reassuring to hear honestly because some of us were starting to get other impressions, non-democratic ones.
Pretty much the same way retired hedge fund operator, Tom Styer gets to tell you what to think about the weather, or how 78-year-old Mike Bloomberg decides which guns you can buy, or how George Soros can choose your prosecutors or how Tim Cook of Apple runs our trade policy, or how Mark Zuckerberg of Facebook can keep America’s borders open just because he feels like it, but nobody says anything because his friend, fellow billionaire, Jeff Bezos owns Washington, D.C.’s hometown newspaper, and may soon buy CNN. TUCKER CARLSON
JOE BIDEN BUILDS HIS CRONY OLIGARCHY WITH HIGH TECH FASCIST.... the very ones destroying America’s borders for more ‘cheap’ labor, our institutions and buying those who govern for their interests!
https://mexicanoccupation.blogspot.com/2020/12/be-prepared-protect-yourself-from-high.html
This comes after Silicon Valley companies intervened in the election on behalf of Joe Biden. In addition to Twitter and Facebook both burying the New York Post’s reporting on the Biden family’s financial ties to Ukraine and China, Google also suppressed conservative news sources.
Billionaire Koch Urges GOP, Democrats to Pass Amnesty, Increase Immigration
Billionaire GOP mega-donor Charles Koch is urging elected Republicans and Democrats to pass amnesty for illegal aliens and increase legal immigration levels, even as 24.5 million Americans remain jobless or underemployed.
Koch, in an op-ed with Brian Hooks of Stand Together, writes that Republicans and Democrats should “come together” to give amnesty to the roughly 11 to 22 million illegal aliens living in the United States and increase legal immigration levels beyond the 1.2 million green cards given to foreign nationals annually. Koch writes:
Whether it’s a path to legal status for undocumented immigrants, including Dreamers who were brought to America as children, improving the visa system or improving border security, lasting progress will require congressional action by both political parties. And getting Congress to step up depends on the American people speaking out.
Like the First Step Act of 2019, for which Koch’s network of donor class organizations lobbied heavily to support, Koch states that an amnesty coupled with increases to the number of foreign workers that America’s working and middle class are forced to compete against can be a bipartisan “victory.”
Koch writes:
A similar victory can happen with immigration. Public sentiment is already there. Efforts to amplify and unleash that sentiment are gaining steam. With more support and action from people across the country, Congress will find its way to enact the immigration policies that reflect the best of America and enable more people to contribute to our country’s future. [Emphasis added]
Koch also praised past amnesty deals like the 2013 Gang of Eight amnesty that would have provided a pathway to American citizenship for the majority of illegal aliens.
“While none of their proposals were perfect, they all would have made America’s immigration system more just and secure,” Koch writes.
In recent years, Koch has donated thousands to super PACs that lobby lawmakers to expand legal immigration levels, pass amnesty, and support free trade that helps offshore American jobs. The Koch Industries PAC poured nearly $1.4 million into Republican campaigns this past election cycle.
Koch’s push for amnesty and more legal immigration comes as House Democrats are reportedly drafting an amnesty plan and a handful of Senate Republicans discuss an amnesty for a portion of illegal aliens. Democrat Joe Biden has said he will send an amnesty package to the Senate in his first 100 days.
Every year, about 1.2 million legal immigrants are awarded green cards and another 1.4 million foreign nationals are given visas to arrive in the U.S. These legal immigration admissions are in addition to the hundreds of thousands of illegal aliens who annually cross U.S. borders and overstay their visas.
The nation’s decades-long mass immigration consensus in Washington, D.C. has surged the level of foreign workers in the U.S. labor market with whom working and middle class Americans are forced to compete for jobs.
The donor class, Wall Street investors, and big business profit hugely from the policy as they cut profit-margins by reducing the cost of labor and can increasingly sell necessities to a constant inflow of new consumers.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
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