Left Out of the Bailout: The Poor

http://www.time.com/time/nation/article/0,8599,1861843,00.html


Due to the financial crisis the number of people living under the poverty rate in America will increase another 10.3 millions. The whole world is currently concentrating on Wall Street and trying to stabilize the situation, therefore, they are neglecting the fact that many families suffered immensely under the crisis and require help.
Since the financial crisis in America, the United States has suffered a great increase in their poverty rate. 36.5 million are already living under the poverty line and will now increase to 46.8 million who do not have a average living standard. The impact of the financial crisis has been recognized due to the for food-stamp caseloads. Many families do not receive enough income and therefore, have problems nourishing their family. There was a 9.6% increase of families who are now buying food stamps in order to feed their children. These families need more help of the government since many humanitarian organizations cannot help them, as they have suffered under the financial crisis as well. However, the government only supports 40% of the families with cash assistance.

America needs to find a solution to decrease their poverty rate as fast as possible. The newly elected Barack Obama, is now promising 700$ million in federal rescue to support the poor people. This gives the families hope that they will soon get out of their debts and financial problems.