Tuesday, September 27, 2011

Almost 1 in 6 Americans living below poverty line - Americas, World - The Independent

Almost 1 in 6 Americans living below poverty line - Americas, World - The Independent: "Last year an additional 2.6 million Americans fell below the poverty threshold, set at $22,113 for a family of four. Moreover, median household incomes dipped to a level not seen since 1997. The US has not seen such an extended period without growth in household income since the Great Depression.

The Census Bureau statistics amount to a study in gloom and lost optimism. The percentage of Americans living below the poverty threshold was the highest it has been since 1993 – 15.1 per, up from 14.3 per cent the previous year and 11.7 per cent in 2001."

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