1 in 2 Americans have fallen into poverty
January 1, 2012 at 11:07 am in Poverty by IfLizWereQueen
In the last few days, the U.S. government census figures have revealed that 1 in 2 Americans have fallen into poverty or are struggling to live on low incomes.
Along with poverty and low incomes, the foreclosure rate has created its own crisis situation as the number of families removed from their homes has skyrocketed.
What’s wrong with this picture? Nothing if you are a bank.
3.5 million are homeless and there are 18.5 million vacant homes in the USA.
Since 2007, banks have foreclosed around eight million homes. It is estimated that another eight to ten million homes will be foreclosed before the financial crisis is over. This approach to resolving one part of the financial crisis means many, many families are living without adequate and secure housing. In addition, approximately 3.5 million people in the U.S. are homeless, many of them veterans. It is worth noting that, at the same time, there are 18.5 million vacant homes in the country.
What can you do about it?
call on the Obama administration and Congress to urgently step up efforts to address the foreclosure crisis, The Foreclosure Crisis is a Human Crisis.





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