poverty – Page 17 – Desdemona Despair

Beth Ford, CEO of Land O’Lakes, spoke on Thursday, 9 January 2020, at the Federal Reserve Bank of Minneapolis’ 2020 Regional Economic Conditions Conference. Photo: Land O’Lakes

January 12, 2020

“We will lose rural America” warns Land O’Lakes CEO at annual Fed summit – “The towns are rolling up on us. That is the truth.”

By Joy Wiltermuth 11 January 2020 (MarketWatch) – Rural America needs help. That was the key message from Beth Ford, president and CEO of Land O’Lakes, Inc., while speaking Thursday at the Federal Reserve Bank of Minneapolis’ annual economic outlook conference for the Ninth District. “Farmers want trade. They want a robust marketplace and they […]

Map showing Amazon CamperForce locations in Arizona, Kentucky, and Tennessee. Graphic: Amazon

January 4, 2020

The decade in which everything was great but felt terrible: in the 2010s, the U.S. middle class shrank, longevity fell, and a whole generation fell behind

By Annie Lowrey 31 December 2019 (The Atlantic) – If I had to pick the story that best captured the economy of the 2010s, it might be the tale of CamperForce: a group of elderly nomads, living in vans and RVs, spending their twilight years temping at Amazon fulfillment centers. There’s a positive spin to the […]

January 2, 2020

World Food Programme forecasts global hunger hotspots as a new decade dawns

ROME, 1 January 2020 (WFP) – Escalating hunger needs in sub-Saharan Africa dominate a World Food Programme (WFP) analysis of global hunger hotspots in the first half of 2020 with millions of people requiring life-saving food assistance in Zimbabwe, South Sudan, the Democratic Republic of Congo and the Central Sahel region in the coming months. […]

Small area income and poverty estimates (SAIPE), 2007-2018. Data: U.S. Census Bureau Small Area Income and Poverty Estimates (SAIPE) program. Graphic: U.S. Census Bureau

December 29, 2019

Poverty grew in one-third of U.S. counties despite strong national economy

By Tim Henderson 19 December 2019 (Pew) – Despite an economic recovery that lifted people out of poverty in most areas of the country, poverty increased in at least one county in every state between 2016 and 2018. The poverty rate grew in 30% of counties between 2016 and 2018, according to a Stateline analysis of U.S. Census […]

Obesity rates in the United States by state, 2000-2019 and projected to 2030. Data: Ward, et al., 2019. NEJM Graphic: Elijah Wolfson / TIME

December 22, 2019

Close to half of U.S. population projected to have obesity by 2030 – “The prevalence of adult obesity and severe obesity will continue to increase nationwide, with large disparities across states and demographic subgroups”

BOSTON, 18 December 2019 (Harvard Chan School) – About half of the adult U.S. population will have obesity and about a quarter will have severe obesity by 2030, according to a new study led by Harvard T.H. Chan School of Public Health. The study also predicts that in 29 states, more than half of the […]

Life expectancy for United States and 50 States, grouped by census region, 1959-2016. Graphic: Woolf and Schoomaker, 2019 / JAMA

December 22, 2019

U.S. life expectancy continues to decline – Working-age Americans dying at higher rates, especially in economically hard-hit states – “This is a distinctly American phenomenon”

By Mary Kate Brogan 26 November 2019 (Virginia Commonwealth University) – Mortality rates among working-age Americans continue to climb, causing a decrease in U.S. life expectancy that is severely impacting certain regions of the United States, according to a Virginia Commonwealth University study set to publish Tuesday in JAMA. The report, “Life Expectancy and Mortality Rates in […]

The geographic breakdown of each percentile of the global distribution of income evolved, 1990-2016. In 1990, 33 percent of the population of the world’s top 0.001 percent income group were residents of the United States and Canada. In 2016, 5 percent of the population of the world’s top 0.001 percent income group were residents of the Russian Federation. Data: Alvaredo, et al., 2018, based on data from the World Inequality Database http://WID.world. Graphic: UNDP

December 18, 2019

2019 Human Development Report says unchecked inequality growth may trigger a “new great divergence” in society not seen since the Industrial Revolution – “This is the new face of inequality”

BOGOTÁ, 9 December 2019 – The demonstrations sweeping across the world today signal that, despite unprecedented progress against poverty, hunger, and disease, many societies are not working as they should. The connecting thread, argues a new report from the United Nations Development Programme (UNDP), is inequality. “Different triggers are bringing people onto the streets — […]

Aerial view of the Kasulo neighborhood of Kolwezi, DRC. In the first picture, taken May 2016, there are just residential houses. By May 2019, Congo DongFang International Mining (a subsidiary of chinese company Huayou Cobalt) have built a mining site, with a walled perimeter and processing buildings (in blue). The pink tarps cover tunnels used for mining. Photo: CNES / Airbus DS / Earthrise / The Guardian

December 17, 2019

Apple and Google named in U.S. lawsuit over Congolese child cobalt mining deaths

By Annie Kelly 16 December 2019 (The Guardian) – A landmark legal case has been launched against the world’s largest tech companies by Congolese families who say their children were killed or maimed while mining for cobalt used to power smartphones, laptops and electric cars, the Guardian can reveal. Apple, Google, Dell, Microsoft, and Tesla […]

Share of national wealth owned by each generation, by median cohort age. Baby boomers — those born between 1946 and 1964 — collectively owned 21 percent of the nation’s wealth by the time their generation hit a median age of 35 in 1990. Generation X (born from 1965 to 1980) came of age during the era of wage stagnation and growing inequality ushered in by the 1970s and ’80s. When the typical Gen Xer reached 35 in 2008, his or her share of the nation’s wealth was just 9 percent, less than half that of boomers at a comparable point in life. Millennials haven’t hit the 35 mark yet — that won’t happen until about 2023 — but their financial situation is relatively dire. They own just 3.2 percent of the nation’s wealth. To catch up to Gen Xers, they’d need to triple their wealth in just four years. To reach boomers, their net worth would need a sevenfold jump. Graphic: Gray Kimbrough / The Washington Post

December 8, 2019

Graph of the Day: The staggering millennial wealth deficit – “To catch up to Gen Xers, millennials would need to triple their wealth in just four years. To reach boomers, their net worth would need a sevenfold jump.”

By Christopher Ingraham 3 December 2019 (The Washington Post) – Few things capture the precariousness of life for today’s young adults like a visualization of their wealth. Economist Gray Kimbrough did just that, using Federal Reserve data to compare how generations fared financially at different points of their life cycles. Wealth is a measure of what people own: […]

People gather for an anti-government protest in Santiago, Chile, Friday, 1 November 2019. Groups of Chileans continued to demonstrate as government and opposition leaders debated the response to weeks of protests that paralyzed much of the capital and forced the cancellation of two major international summits. Photo: AP Photo

December 7, 2019

From Algeria to Hong Kong, 2019 was a year of anti-establishment rage – “What unites the protests is that all are responding to a sense of exclusion, pessimism about the future, and a feeling of having lost control to unaccountable elites”

5 December 2019 (AFP) – Angry citizens have swelled the streets of cities across the globe this year, pushing back against a disparate range of policies but often expressing a common grievance — the establishment’s failure to heed their demands for a more equitable future. While street protests are nothing new, experts say the intense […]