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While economists,
government officials, and
mainstream media experts argue about whether a recovery is finally taking
hold, the evidence on the
ground provides a clear insight about where the
country is headed.
A
nationwide Gallup survey involving 177,000 U.S. adults proves what many
contrarians have been screaming
for some time: For most
Americans there is no recovery.
After having lost 40% of their wealth,
millions of jobs, their homes, and with prices in all key commodity groups like food and energy rising consistently, our current economic
conditions feel more like
a depression than anything remotely resembling a recovery.
According to the new survey,
nearly one in five Americans
report that there has
been at least one time in the last 12 months when they
did not have enough money
to buy the food they or their families needed. In some parts of the country it’s
even worse.
In 15 states, at
least one in five Americans say
they struggled to afford the food they needed at
least once during the past
12 months. Nationwide,
18.2% of Americans so far
in 2012 say there have been times when they could not afford the food they needed, on par with the 18.6% who had trouble affording food in 2011.
 
With nutritional
food assistance benefits averaging of about $500 for a family
in need, the 48.5 million Americans
on food stamps and the additional 50 million receiving some
other form of government welfare or safety net distribtion may soon find
themselves in an even greater struggle.
The
culprit? Rising prices everywhere. Essential goods like food
and gas are a significant
driving factor, especially
as more and more Americans lose
their jobs or jobless benefits. While the Federal Reserve continues to expand
the money supply and population growth
in emerging markets puts further demand on global resource availability, the only
direction for prices to go is
up. Coupled with the worst drought in 50 years things
may get even worse for Americans next year.
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