- Tax Hacks 2015: Can’t Pay Your Taxes? Here’s What to Do
- 28 Ways to Save Big Bucks on Pet Supplies
- Correcting Mistakes After You File: Amended Tax Returns
- What to Do With College Savings if the Student Decides Against College
- Tax Hacks 2015: Don’t Overlook These 8 Deductions and Credits
- Where to Sell Your Stuff for Top Dollar
“Although many people are returning to work, they are often taking jobs with lower wages and less job security, compared with the middle-class jobs they held before the economic downturn,” the [Working Poor Project] report said.
“This means that nearly a third of all working families … may not have enough money to meet basic needs.”
It’s about 10.4 million families, or 47.5 million people, living on less than $45,000 a year. (That’s “near poverty,” although many are actually below the poverty line, which is $22,811 for a family of four.) It’s up to about 33 percent of working families from about 28 percent in 2007, at the start of the recession. As the article points out, a sick child or a car breaking down is a huge and difficult event for them.
The study also shows that the richest fifth of Americans receive 48 percent of all income, while the poorest fifth bring in less than five percent.