American Society Staggering due to Ever-widening Gap between Rich and Poor

American Society Staggering due to Ever-widening Gap between Rich and Poor

Pyongyang, February 28 (KCNA) -- Social contradictions are festering with each passing day due to the ever-widening gap between the rich and the poor in the United States apt to chant slogans "welfare for all" and "equality for all." This is deepening its crisis.

The privileged circle which accounts for just one percent of the population has about 40 percent of wealth in its possession, leading a dissipated life, while the popular masses, the majority of population, live below the poverty line.

In 2010, 2.6 million people joined the ranks of the poor in the U.S., bringing the number of the people living below the poverty line to 46.20 million. This is an all time high in 52 years since a survey of the poor was made public in the country.

With that number on the steady increase, the poor numbered as many as 49.10 million as of early in November last year.

What is noticeable is the fact that the living of the middle class population deteriorated, joining the ranks of the poor.

It is the common view of the U.S. economists that it is the first time since the worldwide economic crisis from 1929 to 1933 that the average income of middle class families reached the lowest level.

The ever-deepening crisis of unemployment is leading to a vicious cycle of poverty.

According to data available, the number of the unemployed who remained without any job for more than one year is 4.5 million or almost one third of all the unemployed.

Young people, in particular, are hard hit by joblessness.

The U.S. is now witnessing ceaseless strong protest of people from all walks of life against the corrupt society bringing only poverty and inequality to the overwhelming majority of toiling masses and the misrule of the ruling class.

That is why the scream of despair that "a class struggle is going on" is now heard from the U.S. ruling quarters. Even the U.S. chief executive deplored that this is an expression of feelings of frustration about the American society. -0-