A report published Tuesday by the U.S. Census Bureau indicates that progressively Americans are giving up their struggle to stay profitable in an economic climate that refuses to recover. According to the report, there are far more Americans living below the poverty line than ever in the 52-year history of the Census Bureau records.
Percentage is very high
The countrywide poverty rate in 2010 hit 46.2 million individuals, up from 43.6 million in 2009. About 52 years back, reports started to be kept. We are at the highest rate since then. 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.
In 1993, the poverty rate was 15.1 percent. That is now where the poverty rate is again with a 0.8 percent increase from last year.
Less income coming in
We can also look at the median household revenue. It fell too. There was a 2.3 percent drop from 2009 to 2010 to $49,445. The amount of Americans without medical insurance also rose to 49.9 billion. An increase was shown in the number of kids living in poverty also. It went up to 22 percent from 20.7 percent.
Don't expect things to get better
This year, the numbers will follow the same trend. Don't expect it to be better. This year, the country had to deal with a financial rating downgrade. Unemployment is at over 9 percent still.
For one person, the poverty threshold was at $11,139 in 2010 while it was $22,314 for a family of four. The Census Bureau doesn't count food-stamp or low-income tax credits as revenue. If it had, several of those counted as below the poverty line would have risen above it. Extended joblessness benefits have also pushed others above the line.
Not so bad
Some experts believe that other factors downplay the nation's poverty level. Many young adults are unable to discover jobs, and so remain part of their parents' family households. Many experts also argue that the poverty threshold, which was intended almost fifty years ago, is irrelevant to the needs of people living in today's economy.
Bill might go through to help create jobs
The Census Bureau report comes on the heels of President Obama's push for a $450 billion jobs creation bill. Debate over the government welfare programs is sure to rise with the report.
Compared to the rest of the world
When compared to the developed nation, the U.S. has had higher poverty rates than most for quite a while. There are only three countries with higher poverty rates. This involves Mexico, Chile and Israel.
Percentage is very high
The countrywide poverty rate in 2010 hit 46.2 million individuals, up from 43.6 million in 2009. About 52 years back, reports started to be kept. We are at the highest rate since then. 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.
In 1993, the poverty rate was 15.1 percent. That is now where the poverty rate is again with a 0.8 percent increase from last year.
Less income coming in
We can also look at the median household revenue. It fell too. There was a 2.3 percent drop from 2009 to 2010 to $49,445. The amount of Americans without medical insurance also rose to 49.9 billion. An increase was shown in the number of kids living in poverty also. It went up to 22 percent from 20.7 percent.
Don't expect things to get better
This year, the numbers will follow the same trend. Don't expect it to be better. This year, the country had to deal with a financial rating downgrade. Unemployment is at over 9 percent still.
For one person, the poverty threshold was at $11,139 in 2010 while it was $22,314 for a family of four. The Census Bureau doesn't count food-stamp or low-income tax credits as revenue. If it had, several of those counted as below the poverty line would have risen above it. Extended joblessness benefits have also pushed others above the line.
Not so bad
Some experts believe that other factors downplay the nation's poverty level. Many young adults are unable to discover jobs, and so remain part of their parents' family households. Many experts also argue that the poverty threshold, which was intended almost fifty years ago, is irrelevant to the needs of people living in today's economy.
Bill might go through to help create jobs
The Census Bureau report comes on the heels of President Obama's push for a $450 billion jobs creation bill. Debate over the government welfare programs is sure to rise with the report.
Compared to the rest of the world
When compared to the developed nation, the U.S. has had higher poverty rates than most for quite a while. There are only three countries with higher poverty rates. This involves Mexico, Chile and Israel.
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