Tuesday, September 13, 2011

U.S. Poverty Rate, at 15 Percent, Is the Highest Since 1993



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The percentage of Americans living in poverty last year rose to the highest level since 1993, the Census Bureau reported Tuesday, fresh evidence that the disappointing economic recovery has done nothing for the country’s poorest citizens.


Another 2.6 million people slipped below the poverty line in 2010, meaning 46.2 million people now live in poverty in the United States, the highest number in the 52 years the Census Bureau has been tracking it, said Trudi Renwick, chief of the Poverty Statistic Branch at the Census Bureau.

That figure represented 15.1 percent of the population, up from 14.3 percent in 2009, and 11.7 percent at the beginning of the decade in 2001. The poverty line in 2010 for a family of four was $22,113.

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Original content Bob DeMarco, Look Beyond the Obvious