Poor, Orphans, Destitute – The New POD Group

Friday, March 19, 2010, AM | 4 Comments

A new group of the Poor, the Orphans, the Destitute (POD) have been created during the last few years. They are the good, decent folks who have lost jobs, foreclosed on their homes, declared bankruptcy and have lost their entire livelihood.

They have become financial Orphans of the American society. A new landscape of websites have been created to list foreclosure properties.

The huge bankruptcies on all sorts of credit – mortgage, credit card, personal loans – have created the POD group in America like never before since the Great/Worst Depression of the 1930s.

Wikipedia defines poverty as two-fold:

  1. Absolute poverty

    Absolute poverty is the lack of very basic of human needs like food, shelter and clothing.

  2. Relative poverty

    Relative poverty, as the name suggests, is the condition of having fewer resources or less income than others within a society or country.

There are an increasing number of folks who live under absolute poverty but many times over, people have been living under relative poverty. Among them the POD group is at the top of the list.

The absolute poverty has been mostly attributed to the third world countries. But recently, it has cropped up on the vast landscape of the American family finances.

Regardless of what the cause is, it is present among us at a considerable number.

The middle class whose existence is the reason for sustenance and growth of any economy, in terms of wealth, education, election [yes election], and other financial family life, is increasingly sliding downhill at an alarming speed the likes of which have never been seen before.

The public and private sectors must initiate programs that will not only help to lift up POD group financially but also help the middle class to stop going downhill any further than it already has.

Otherwise, a still newer POD group is bound to get created.

In a Nutshell
The real economic growth and prosperity is achieved in any country when the POD group is lifted up financially.

Then and only then a nation can be proud of its existence and the continuous progress that it will achieve in the future.

Throw us a like at Facebook.com/doable.finance


  1. 4 Responses to “Poor, Orphans, Destitute – The New POD Group”

  2. By acknowledgers ac on Sep 17, 2013, 7:06 am | Reply

    Excellent confident analytical attention for the purpose of fine detail and may anticipate troubles prior to they will occur.

  3. By kyrgyz horse wrestling on Sep 17, 2013, 9:20 pm | Reply

    Greetings from California! I’m bored to tears at work so I decided to browse your site on my iphone during lunch break. I love the information you present here and can’t wait to take a look when I get home. I’m shocked at how quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyhow, awesome blog!

  4. By ssl certifikat on Oct 5, 2013, 6:01 pm | Reply

    It is not my first time to go to see this web page, i am visiting this web site daily and get fastidious information from here everyday.

  5. By hiv infectionquot on Nov 14, 2013, 6:09 pm | Reply

    Magnificent items from you, man. I’ve be mindful your stuff previous to and you’re simply extremely great. I really like what you’ve got here, certainly like what you’re stating and the best way during which you assert it. You’re making it entertaining and you continue to take care of to keep it sensible. I cant wait to read far more from you.

    That is really a tremendous website.
    hiv infectionquot recently posted…hiv infectionquotMy Profile

Post a Comment on Content of the Article

 

This is not a billboard for your advertisement. Make comments on the content else your comments would be deleted promptly.

CommentLuv badge








 

 

 

Blog Top Sites Blog Top List Blog Top List
On Top List Blog Log Blogs Avenue