Economic conditions for typical Americans have gotten significantly worse on Obama’s watch, but I’m calling foul on the use of a bogus statistic:
“Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives.”
This is a pointless claim — an awful lot of folks both now and in the old days on the work-your-way-up-from-the-bottom track usually are and were in “near poverty” when they first enter the job market, and lots of folks go through a bit of unemployment, and always have. Aggregating over peoples’ whole lives (”at least parts of their lives”) you can probably get to four out of five even without including welfare.
When I graduated from college in 1975 I was staring at poverty and unemployment...then I got a job and spent less than I made.