It is 3:00pm. You are feeling a little sluggish and need a jolt to get you through the last few hours of work. You go to the soda machine, put your $1.25 into the machine, push a button, and voila instant energy for a nominal price. But, is that $1.25 really that nominal?
To many yes, but what about the increasing number of Americans living on less than $2 per day. That soda represents more than half of the money they have to live on that day. Some people reading this are thinking, “This is America! No one here lives on that little money. We are not a third world country.” But, I am sorry to say that is not the truth anymore. The number of Americans living in extreme poverty (on less than $2 per day) more than doubled between 1996 and 2011, from 636,000 to 1.46 million according to a new study from the National Poverty Center.
For more information on this study check out the Off the Charts Blog from the Center for Budget and Policy Priorities.