Thursday, September 12, 2013

Shameful

More disturbing statistics on our failing economy:
One in five Americans reported in August that they did not have enough money to buy the food that they or their family needed in the past year, more than said so earlier this year and near highs seen since 2008. Similarly, Americans' overall access to basic necessities has not recovered to the levels seen before the economic crisis. These findings suggest that the economic recovery may be disproportionately benefitting upper-income Americans rather than those who are struggling to fulfill their basic needs. 
Stagnant wages are one possible reason why Americans' ability to afford food and other basic needs has not improved since the recession. According to an August 2013 Wall Street Journal analysis of Labor Department data, "the average hourly pay for a nongovernment, non-supervisory worker, adjusted for price increases, declined to $8.77 [in July 2013] from $8.85 at the end of the recession in June 2009." Depressed wages are likely negatively affecting the economic recovery by reducing consumer spending, but another serious and costly implication may be that fewer Americans are able to consistently afford food and meet other basic needs.
Give us this day our daily bread.  Forgive us, Lord, for turning a blind eye to the suffering all around us.

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