
ST. LOUIS, May 2 (UPI) -- Between the ages of 20 and 75, roughly 75 percent of U.S. adults will experience at least one year in poverty or near poverty, a study says.
Mark R. Rank of Washington University in St. Louis and Tom Hirschl of Cornell University in Ithaca, N.Y., also found two-thirds of Americans between the ages of 20 and 65 will, at some point, turn to a welfare program such as food stamps.
Forty percent of U.S. adults will use a welfare program in five or more separate years during their working age adulthood, the study says.
Preliminary data analysis indicates that up to one-half of all Americans do not have enough liquid assets to keep them out of poverty for three months should they suddenly lose their job.
Rank estimates that by age 40, 83 percent of U.S. adults have purchased a home -- but nearly 40 percent of these homeowners will lose their homeowner status within 10 years of the time of purchase.
|
|
|
|
|
|
| Additional Health News Stories | |
BAILIEBOROUGH, Ireland, May 27 (UPI) --
Two spectators were killed Sunday when a rally car at a race in Bailieborough, Ireland, crashed into a crowd on the side of a rural road, officials said.
|
'Men in Black' leads U.S. box office ... Michelle Obama, daughters see Beyonce ... Lady Gaga cancels Jakarta gig for security ... Madonna asks for pool at Israel venue ... News from United Press International.
|
Wedding parties told to quiet down ... Jersey falcons put up a squawk ... Man charged in drive-through gun incident ... iCloud sends pics of suspected phone thief ... Watercooler stories from UPI.
|
To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets – including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks – to secure $23.5 billion in credit.
|
| Stories | Photos | People | Comments |
View Caption