US poverty rate highest since 1993..... We need a Real Change.

Mr. T

Mr. T

Verified User
THE US poverty rate rose in 2010 to 15.1 per cent, the highest rate since 1993, the Census Bureau has reported in another sign of a sputtering economy following a deep recession. The report showed a sharp increase in poverty from 14.3 per cent in 2009, and a fourth consecutive rise in the number of people below the poverty threshold, to 46.2 million.

The number of people in poverty was the highest since data collection began in 1959, although the rate was 7.3 percentage points lower than in 1959.

The US definition of poverty is an annual income of $22,314 for a family of four, and $11,139 for a single person in 2010.

The survey showed struggles for the rest of Americans, with median household income falling 2.3 per cent to $49,445.

The poverty rate for blacks and Hispanics was much higher than for the overall population at 27.4 per cent and 26.6 per cent, respectively. Among regions, the South had the highest poverty rate at 16.9 per cent and the highest percentage without health insurance, 19.1 per cent.

The report, showing the first full year since the recession officially ended in June 2009, supports the notion that Americans have been losing ground economically.

http://www.news.com.au/business/bre...ghest-since-1993/story-e6frfkur-1226136547731
 
Tea-orist spending cuts on programs to help the poor sure are going to help alleviate poverty, aren't they?
 
Mr. T said:
THE US poverty rate rose in 2010 to 15.1 per cent, the highest rate since 1993, the Census Bureau has reported in another sign of a sputtering economy following a deep recession. The report showed a sharp increase in poverty from 14.3 per cent in 2009, and a fourth consecutive rise in the number of people below the poverty threshold, to 46.2 million.

The number of people in poverty was the highest since data collection began in 1959, although the rate was 7.3 percentage points lower than in 1959.

The US definition of poverty is an annual income of $22,314 for a family of four, and $11,139 for a single person in 2010.

The survey showed struggles for the rest of Americans, with median household income falling 2.3 per cent to $49,445.

The poverty rate for blacks and Hispanics was much higher than for the overall population at 27.4 per cent and 26.6 per cent, respectively. Among regions, the South had the highest poverty rate at 16.9 per cent and the highest percentage without health insurance, 19.1 per cent.

The report, showing the first full year since the recession officially ended in June 2009, supports the notion that Americans have been losing ground economically.

http://www.news.com.au/business/bre...ghest-since-1993/story-e6frfkur-1226136547731
Click to expand...

So the two icons of the Democrates, Clinton and Obama, have the dubious distiction of presiding over the highest poverty rates; but it must be the fault of the previous Republican Presidents.
 
Mr. T said:
THE US poverty rate rose in 2010 to 15.1 per cent, the highest rate since 1993, the Census Bureau has reported in another sign of a sputtering economy following a deep recession. The report showed a sharp increase in poverty from 14.3 per cent in 2009, and a fourth consecutive rise in the number of people below the poverty threshold, to 46.2 million.

The number of people in poverty was the highest since data collection began in 1959, although the rate was 7.3 percentage points lower than in 1959.

The US definition of poverty is an annual income of $22,314 for a family of four, and $11,139 for a single person in 2010.

The survey showed struggles for the rest of Americans, with median household income falling 2.3 per cent to $49,445.

The poverty rate for blacks and Hispanics was much higher than for the overall population at 27.4 per cent and 26.6 per cent, respectively. Among regions, the South had the highest poverty rate at 16.9 per cent and the highest percentage without health insurance, 19.1 per cent.

The report, showing the first full year since the recession officially ended in June 2009, supports the notion that Americans have been losing ground economically.

http://www.news.com.au/business/bre...ghest-since-1993/story-e6frfkur-1226136547731
Click to expand...

What is a real change to you?
 
This is good news for the Tea-rorists, since those laid off worker salaries and benefits will no longer be a expense on corporate ledgers.

This will boost corporate profits and return larger dividends to the rich, who need more tax cuts, BTW.
 
USFREEDOM911 said:
So the two icons of the Democrates, Clinton and Obama, have the dubious distiction of presiding over the highest poverty rates; but it must be the fault of the previous Republican Presidents.
Click to expand...

How does cutting back on Medicare, Medicaid, Welfare and Social Security help the poor?
 
Aoxomoxoa said:
How does cutting back on Medicare, Medicaid, Welfare and Social Security help the poor?
Click to expand...

That would be the subject of another thread.
This one is about the two highest poverty levels; which were during both of the last two Democratic Presidents.
 
You must log in or register to reply here.
Back
Top