Galbraith

Modern poverty is different from that of a century ago for many reasons. First people years ago were less dependent on the money they make from their jobs. I mean they were making enough money to live and save so if they lost their job they could live for a while from the money they have saved. Most of the people use to own their own houses and for the most times those houses were paid off. Also things were more shaper. In other words, they did not have all the bills that people are paying today. For example most of the working people today choice to rent cars and use credit card for the most times. People now are living from a pay check to another. Therefore a lot of people today do not have anything save because they do not make enough money to life and save. . Most of the people are having a hard time getting by anyway. On the other hand people use to have a great job and save a lot of money plus people us to work in big factories but now it different. In addition people today do not spend money for the same reason above which was they do not make enough money. Consequently that will case an insular poverty that will affect every one in the society and that will include all the small and huge businesses. From that a person can conclude that today’s poverty is much worse from the ones at a century ago.