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View Diary: Four out of five Americans are living on the economic edge as inequality rises (49 comments)

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  •  Good point. By that measure I'd think it was (1+ / 0-)
    Recommended by:
    edwardssl

    90 percent or more who are economically insecure.

    •  The diary also misstates the finding. (1+ / 0-)
      Recommended by:
      Kickemout

      The survey found that 79% of Americans were economically insecure at some point in their lives.  That is very different from saying, as the diary does, that 4 out of 5 Americans are thus economically insecure.

      100% of American adults were 18 years old at some time or another.  That doesn't mean that 100% of American adults are 18...

      "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

      by Old Left Good Left on Mon Jul 29, 2013 at 10:55:04 AM PDT

      [ Parent ]

      •  As I understood the point of the article, (1+ / 0-)
        Recommended by:
        MHB

        the statistics suggest that the distance in the fall between Middle/Working Class and Working Poor and Poverty is getting smaller.  In other words, the potential to get to poverty status is quicker.  The majority of people are closer to the edge than in the past.

        •  How is someone "closer to the edge" now (0+ / 0-)

          because they experienced the loss of a job 40 years ago?

          "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

          by Old Left Good Left on Tue Jul 30, 2013 at 05:09:03 PM PDT

          [ Parent ]

          •  Because if they lose a job now there is a (0+ / 0-)

            greater chance that they won't be able to get another job now - especially if the last time the lost a job was 40 years ago - they'd be in an age group where finding employment is extremely difficult.

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