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Everyone deserves the opportunity to succeed


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The numbers are dizzying: a single Super Bowl commercial spot had a three million dollar price tag. Facebook's Mark Zuckerberg is expected to have a net worth of between 21 billion and 28 billion dollars when the company goes public. Fifteen million dollars were spent by a single candidate, in a single state during the Republican Party primary season. It seems that we are on track to out-spend the record breaking 5.3 billion dollars spent on the 2008 Presidential campaign.

And yet people in this country are getting poorer. Recent U.S. Census Bureau data tells us that 46 million Americans are living in poverty today, more than ever before. The Boston Foundation's Measures of Poverty Report notes that throughout 2005-2009, an estimated 90,000 Bostonians -- not including college students -- were living in poverty. In addition, last week the Corporation for Economic Development (CFED) released its 2012 Assets and Opportunity Scorecard. The 2012 Assets and Opportunity Scorecard indicated that there is diminishing financial security in the United States, with over a quarter of households -- 27 percent -- qualifying as asset poor. This means that these households lack the savings or assets to cover their living expenses if they lose income due to a layoff or other emergency. This is a 21 percent increase over those in asset poverty captured in the 2009-2010 Scorecard.

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