The United States Should Provide Less Funding For...

Poverty in the United States has been on the rise for many years, especially after the 2007 recession. The nation s poverty rate is currently 15.1% which is the highest since 1993. Ever since the recession, the poverty rate has gone up 2.6% from 2007 through 2009. In 2006, 36 million Americans were living under poverty but that number rapidly rose to 46 million in 2012. The United States continues to provide billions of dollars in foreign aid to other countries even though 46 million Americans are living under poverty. The United States should provide less funding for international foreign policy because it is statistically proven that money spent on foreign aid is not as effective as money spent on programs in the United States.†¦show more content†¦Banks failed due to their lending practices and all credit standards where just thrown away. By 2009, over eight million jobs were lost and the unemployment rate rose 8.5% while some states had their unemployment rates at 10%. The Government itself is using trillions of taxpayer dollars to make programs which will prevent similar catastrophes from occurring. These decisions turn out to be beneficial because the government is spending money on programs that help Americans which decreases the poverty rates(The Great Depression Causes And Effects). The recession affected all age groups especially the elderly. People who are aged 53-58 lost 2.8% of their retirement wealth in 2010. Statistics show that before the recession, 84.6% Americans changed homes, while in 2009 only 83.2% changed homes. The recession caused jobs to be unstable so people are less likely to take financial risks. According to USA Today, A lot of these young adults are choosing to live together rather than get married. It s kind of an adaptive response to the lack of jobs and economic uncertainty (Nasser). The percentage of adults who have never married was 34.5% in 2000 but was 46.3% in 2009. Instead of showing good results after the recession, the results have continued to be negative. The government still provides a vast amount of aid to foreign countries even though the results are not always great (Nasser). The poverty rate in 2010 was the highest since 1993. There are a total of