Chinese families are more easily able to afford food compared to their American counterparts, according to a Gallop poll released Wednesday.
In the survey, 20%, or one in five Americans, answered “Yes” when asked if they felt they did not have enough money to buy food for their family, compared to only 6% of Chinese respondents.
Also explored was ability to afford housing. In the United States, those who felt unable to provide adequate shelter for their families rose from 5% in 2008 to 11% in 2011. Meanwhile, Chinese respondents answering the affirmative fell from 21% in 2008 to 16% in 2011.
Though both economies, Chinese and American, have encountered slowdowns particularly within the past 3 years, these poll numbers now bring into sharp contrast the difficulties the growing American lower-class is facing.
Meanwhile, soaring housing prices in China continue to take their toll on a rising Chinese middle-class as many Chinese still feel that housing is the best investment, despite government efforts to slow growth.
These stats are invaluable to governments “not only because they occur before job and GDP growth … but also because without these basic requirements, the populace doesn’t have the energy to solve its everyday problems,” according to Gallup Chairman Jim Clifton in his book, The Coming Jobs War.