Is the United States Becoming a Third World Country –

Statistics Too Unreal to be Real – But They Are

If one was asked to describe the economic characteristics of an economically underdeveloped nation, one of the main descriptors would be this.  A large number of families would be living in poverty and a very small amount of individuals would control most of the wealth.

The research people at Northeastern University in Boston have studied the census data, and have come to this conclusion.

More than one in three young families with children were living in poverty last year, according to an analysis of census data by the Center for Labor Market Studies at Northeastern University.

At 37 percent, it was the highest level on record for the group, surpassing the previous peak of 36 percent in 1993, according to the analysis by Ishwar Khatiwada, an economist at the center. By comparison, the rate was about 25 percent in 2000.

What are young families, they are this

The economic distress among the country’s youngest families — defined as under the age of 30 —

And how are the young doing relative to the old, not very good

the poverty rate for elderly families, . . .remained low in 2010, at 5.7 percent, according to the analysis. In the 1970s, poverty was only slightly higher for younger families than for families headed by someone age 65 or over.

So do the math, is this the United States or a poor country in ________