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50 MILLION People Go Hungry While Wall Street Fatcats Take Home Millions
A record one in six American families went hungry last year because they did not have enough food, a shock survey has revealed. Some 17.4million U.S. households - 50 million people - were classified as ‘food insecure’ which meant they regularly skipped meals even if they wanted to eat.
Others went for entire days without eating and handed round smaller portion sizes to make their meagre offerings suffice.
The news comes as it is revealed that top U.S. executives saw their pay and bonuses shoot up last year in the face of the worst recession for 80 years.
The highest paid bosses received an average of $1.6million (£1million) as a bonus on top of their basic remuneration, an increase of 11 per cent. Salaries rose by just 3 per cent but that still meant the typical executive took home $7.2million (£4.4million).
The dietary figures are the highest since 1995 when the first national food security survey was conducted and will be acutely embarrassing for the United States, the world’s richest nation and the last remaining superpower.
They also shine a light on the vast numbers of hard working Americans who have lost their jobs in the recession and for the first time are having to rely on the state to make ends meet.
The U.S. Department of Agriculture study shows that in 2009, almost 50 million people, including 17 million children, were ‘food insecure’.
This marked a slight increase from the previous year when 17.1 million families had difficulty putting meals on the table. Those in this category usually went hungry, could not afford a balanced meal and cut their portion sizes on the occasions they did have food
The situation was more grave for those classed as ‘very food insecure’, some 5.7 per cent of households, or 6.8 million people including 1 million children. Those in this category regularly skipped meals even though they were hungry, regularly went whole days without eating and lost weight because they did not have enough food.
The knock-on effect was that more and more Americans have begun turning to government food schemes to feed themselves, the study found.
Now one in five of all Americans were signed up to one kind of federal food-assistance programmes including food stamps which attracted 34million participants.
Well paid: Oracle CEO Larry Ellison banked $68.6 million (£42.6 million) last year
‘This extended recession has placed people in circumstances where they need to rely on programmes like this,’ said Mark Nord, a researcher with the USDA's Economic Research Service and the lead author of the report.
Meanwhile, top U.S. executives saw their pay and bonuses shoot up last year in the face of the worst recession for 80 years. The highest paid bosses received an average of $1.6 million (£1 million) as
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Originally posted by CanadianDream420
If I start a company that sells, I dunno, free energy converters and my stocks skyrocket to 1000$ a share and I have 100000000000 shares... I deserve that money.. no?
Originally posted by stinavamp
Frankly I'm waiting for a peasant revolt,Marie Antoinette style. As history has taught us that the many with little will rise up against the few with alot.This kind off unbalance does not last and the people with power and money usually end up in bloody brutal death. If these wall street fat cats don't learn their lessons they'll end up the same way. So let them eat cake and we'll shove it straight down their gullets.