By one dismal measure, America is joining the likes of Third World countries.
The number of U.S. residents who are struggling to survive on just $2
a day has more than doubled since 1996, placing 1.5 million households
and 3 million children in this desperate economic situation. That’s
according to “$2.00 a Day: Living on Almost Nothing in America,” a book
from publisher Houghton Mifflin Harcourt that will be released on Sept.
1.
The measure of poverty isn’t arbitrary — it’s the threshold the World
Bank uses to measure global poverty in the developed world. While it
may be the norm to see families in developing countries such as
Bangladesh and Ethiopia struggle to survive on such meager income, the
growing ranks of America’s ultrapoor may be shocking, given that the
U.S. is considered one of the most developed capitalist countries in the
world.
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