The Anti-Poverty Soldier

Recent Articles

The New Poor — how secure are you from this emerging American class?

The financial crisis of 2007-2008 triggered the most ominous economic emergency since the Great Depression nearly 80 years before. During this calamity, a number of new terms and phrases began to enter the general American lexicon. Such terms included credit default swaps, collateralized debt obligations, mortgage backed securities, over-leveraging, pricing of risk, deregulation, predatory lending, subprime and adjustable rate loans, increased debt burden, the housing bubble, hedge funds, and the shadow banking system. In addition, financial analysts identified the emergence of a new class in America, a group that they dubbed “The New Poor.”

The concept of a “shrinking middle-class” or a “middle-class squeeze” is not a particularly new idea and has been part of our economic dialogue for some time now. Large-scale trends such as outsourcing, massive layoffs, plant closings, downsizing, and corporate mergers have put many middle-class Americans at risk for several years. Continue Reading →

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Poverty and the criminal justice system are intimately related

One of the most critical, yet often overlooked aspects of poverty in this nation is the escalating incarceration rate of American citizens. The Justice Policy Institute notes that since 1970, the number of incarcerated Americans has grown nearly eight-fold to a total of more than 2.2 million people today. In addition, nearly five million more American adults are currently caught up in the criminal justice system through probation or parole. This precipitous spike in the U.S. prison population coincides with this country’s war on drugs and is representative of a proliferation in America’s poor, which now counts more than 46 million people among its ranks.  

The link between poverty and contact with the criminal justice system is well established. Continue Reading →

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