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A Census Bureau report Tuesday showed that more and more Americans are giving up the fight to stay profitable in a stormy economy that will not quell. More American's are now existing beneath the poverty threshold than ever since the bureau started maintaining the record in 1959. Resource for this article: Americans below poverty line is highest number since records began.
Been over 10 years since high percentage
The national poverty rate in 2010 hit 46.2 million people, up from 43.6 million in 2009. The number of poor Americans is the highest it has been since the records began 52 years ago. The Los Angeles Times said that the poverty numbers are "approaching levels not seen since Lyndon B. Johnson launched the War on Poverty in 1965," from 2010.
The poverty rate is at 15.1 percent now, which is the same as it was in 1993.
Less revenue coming in
The median household income also fell. There was a 2.3 percent drop from 2009 to 2010 to $49,445. There was also a rise in the amount of Americans without medical insurance to 49.9 billion. There was an increase from 20.7 percent to 22 percent in the number of kids in poverty.
<p><strong>Disheartening numbers likely to continue</strong></p>
The discouraging numbers are likely to continue into the 2011 report, according to analysts. The country suffered a financial rating downgrade this year and unemployment remains stagnant at more than 9 percent.
The poverty threshold for the 2010 report was $11,139 annual income for an individual, and $22,314 for a family of four. Revenue doesn't contain food stamps or tax credits. Those counting may have helped the statistics. It would have taken people out of poverty. Extended joblessness benefits have also pushed others above the line.
Could be worse than numbers show
The poverty level in the nation is downplayed, some experts believe. This is because of several factors. Many young adults are unable to find jobs, and so remain part of their parents' family households. The poverty threshold shouldn’t be considered in today’s economic climate, experts believe, since it was created about fifty years ago.
A plan in a bill
Obama is hoping to get some votes back. He has a $450 billion jobs creation bill he is pushing. Because of the report, the controversy will start to get hot. People are likely to want to know whether or not the government should really be involved in welfare or not.
Poverty rate is fairly high
The U.S. has long been ranked as having one of the world's greatest poverty rates in a developed nation. Only Chile, Israel and Mexico have higher poverty rates.
Information from
Huffington Post
CBS
LA Times
Been over 10 years since high percentage
The national poverty rate in 2010 hit 46.2 million people, up from 43.6 million in 2009. The number of poor Americans is the highest it has been since the records began 52 years ago. The Los Angeles Times said that the poverty numbers are "approaching levels not seen since Lyndon B. Johnson launched the War on Poverty in 1965," from 2010.
The poverty rate is at 15.1 percent now, which is the same as it was in 1993.
Less revenue coming in
The median household income also fell. There was a 2.3 percent drop from 2009 to 2010 to $49,445. There was also a rise in the amount of Americans without medical insurance to 49.9 billion. There was an increase from 20.7 percent to 22 percent in the number of kids in poverty.
<p><strong>Disheartening numbers likely to continue</strong></p>
The discouraging numbers are likely to continue into the 2011 report, according to analysts. The country suffered a financial rating downgrade this year and unemployment remains stagnant at more than 9 percent.
The poverty threshold for the 2010 report was $11,139 annual income for an individual, and $22,314 for a family of four. Revenue doesn't contain food stamps or tax credits. Those counting may have helped the statistics. It would have taken people out of poverty. Extended joblessness benefits have also pushed others above the line.
Could be worse than numbers show
The poverty level in the nation is downplayed, some experts believe. This is because of several factors. Many young adults are unable to find jobs, and so remain part of their parents' family households. The poverty threshold shouldn’t be considered in today’s economic climate, experts believe, since it was created about fifty years ago.
A plan in a bill
Obama is hoping to get some votes back. He has a $450 billion jobs creation bill he is pushing. Because of the report, the controversy will start to get hot. People are likely to want to know whether or not the government should really be involved in welfare or not.
Poverty rate is fairly high
The U.S. has long been ranked as having one of the world's greatest poverty rates in a developed nation. Only Chile, Israel and Mexico have higher poverty rates.
Information from
Huffington Post
CBS
LA Times
