Wednesday, October 28, 2009
A new class in class-free America has emerged: The Nouveau Pauvre or New Poor. Unemployed, underemployed, those with rolled-back salaries, workers with forced, unpaid furlough days. The American Dream turns into the American Nightmare. Bedrock chipped away. Life savings diminish quickly. Personal net-worth is a joke with plummeted home values, decreased stock portfolios, personal property and collectibles at Craig’s List worth… even the bank passbook savings account yields are just slightly better than cash under the mattress. America’s New Poor are stuck, shafted, and trapped in a box. Very little wiggle room. Disenfranchised Nouveau Pauvre are everywhere… eyes down, shoulders rounded, wearing the same clothes, tapping into remnant 401k accounts to supplement weekly unemployment checks, and applying for the few jobs as collections agents, delinquent accounts reps, contract repo thieves, and clerical posts with bankruptcy law offices. Be proud all ye Nouveau Pauvre…your security, plans, and hope will continue to disappear, but your numbers will grow.