Roseland Heights Community Association

The Income Gap in the United States

Posted in: Roseland Heights
  • Stock
  • ctucke20
  • Respected Neighbor
  • USA
  • 417 Posts
  • Respect-O-Meter: Respected Neighbor

Jimmy Carter: Middle Class Today Resembles Past's Poor

        Tuesday, 08 Oct 2013 07:47 AM

Former President Jimmy Carter said Monday that the income gap in the United  States has increased to the point where members of the middle class resemble the  Americans who lived in poverty when he occupied the White House.

Carter  offered his assessment of the nation's economic challenges Monday at a Habitat  for Humanity construction site in Oakland — the first of five cities he and wife  Rosalynn plan to visit this week to commemorate their three-decade alliance with  the international nonprofit that promotes and builds affordable housing.

The recent economic downturn revealed that families living in even comparatively  well-off, but expensive regions like the San Francisco Bay Area are economically  insecure, he said. Even in one of the wealthiest parts of the world there is a great deal of  foreclosures and now a great deal of people who are fortunate to own their own  houses owe more on them than the houses are worth in the present market, and  that's all changed in the last eight years," Carter said during an exclusive  interview with The Associated Press.

Taking a break from framing windows  at a new 12-unit town house development in a section of East Oakland where  Habitat already has built or repaired 115 homes, the 89-year-old former  Democratic president said the federal government is investing less in affordable  housing at a time of greater need.

"The disparity between rich people and  poor people in America has increased dramatically since when we started," he  said. "The middle class has become more like poor people than they were 30 years  ago. So I don't think it's getting any better."

Years of tax breaks for  the wealthy, a minimum wage untethered from the inflation rate and electoral  districts drawn to maximize political polarization have reduced the quality of  life for all but a small fraction of Americans and imperiled the nation's  standing as "a real superpower," he said.

"Equity of taxation and  treating the middle class with a great deal of attention, providing funding for  people in true need, like for affordable housing, those are the sort of things  that would pay rich dividends for Americans no matter what kind of income they  have," said Carter, looking relaxed in a baseball cap, blue jeans and white  sneakers.

"The richest people in America would be better off if everybody  lived in a decent home and had a chance to pay for it, and if everyone had  enough income even if they had a daily job to be good buyers for the products  that are produced."

Habitat for Humanity was founded in Georgia, the home  state of the Carters. They first joined a Habitat for Humanity work site in 1984  in New York and have spent a week every year working on construction sites in  the U.S. and abroad.

On Tuesday, the former president and first lady are  scheduled to help renovate homes in a section of Silicon Valley that has  remained immune to the wealth generated by the high-tech industry. After that,  they intend to travel to Denver, New York and Union Beach, N.J., where they will  help rebuild homes wiped out by Hurricane Sandy.



Advertise Here!

Promote Your Business or Product for $10/mo

istockphoto_12477899-big-head.jpg

For just $10/mo you can promote your business or product directly to nearby residents. Buy 12 months and save 50%!

Buynow