George Am’Bush Jr...

IIPM BEST MBA INSTITUTE
The US today houses a whopping 37 million poor (about 12.7% of American population), which includes almost 13 million children. Logically, this scenario comes across as an irony to any economic recovery, and that too when it has not only been sustained, but has grown over a four year period. As a matter of fact, the poverty rates in the US have been rising every year since 2000 when it was 11.3%. Eventually, it has been on the rise to touch 12.7% in 2004, bludgeoning another 5.4 million people – including 1.4 million children – to destitution. As America Inc. has been milking profits at unprecedented levels, the figures also go on to state how skewed the American economic growth (3.5% for year 2005, 5.6% for Q1 2006; IMF) has been since long. Poverty and recovery are a simultaneous American reality today.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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