NEW YORK, NY – In a new study, four out of five adults will struggle with poverty, joblessness or will have to rely on welfare in their lifetimes.
The survey conducted by the Associated Press is the latest sign of public opinion coming to terms with the country’s deteriorating economic situations and as the US struggles with an increasingly globalized economy. A widening gap between rich and poor and the loss of good-paying manufacturing jobs has developed.
The findings come as President Barack Obama has tried to renew his administration’s push for economic reform.
“When the rungs on the ladder of opportunity grow farther and farther apart, it undermines the very essence of america, that idea that if you — if you work hard, you can make it here.” said President Obama.
But the President’s push for economic equality may fall on deaf ears.
“We don’t have a whole lot of belief in the policies our president has been doing, so we have been tuning him out for a long time.” said Trading Advantage President Larry Levin.
And nationwide, the number of Americans below the poverty line is stuck at a record 46.2 million, or 15 percent of the population as unemployment remains unsustainably high at over 7.5 percent.
By – Tracy Byrnes for FOX NEWS