10/1/08

LI's Working Class Economically Distressed

More than one-quarter of Long Island households are economically distressed, as are 22.9 million families across America representing over 60 million people; and one million homeowners across the United States face foreclosure in the next six months.

The report notes that those most distressed include people without college degress, single-parent households, African Americans, Lations and immigrants, i.e., a large percentage of today's American working class.

Economic Stimulus and Economically Distressed Workers, in a new study from the Center for Study of Working Class Life at Stony Brook University using data culled from the most recent American Community Survey of U.S. Census Bureau.

The study's authors recommend a $220 billion "stimulus" package to address the issue -- to be paid for by tax increases and budget reductions.

Related: Commentary: Bailing out distressed workers, for a change
The War and the Working Class
Time for a Taxpayer Revolt
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