Latino Poverty Rate Climbs to 28%

RockX

Banned
While Latinos are gaining in political clout, they are also falling down the economic ladder, new Census numbers show.


Latinos poverty rates climbed to 28 percent after the census reconfigured its algorithm to take into account medical costs and government programs. The Hispanic poverty level rose after the government took into account safety-net programs such as food stamps and housing, which have lower participation among immigrants and non-English speakers.

Overall, the ranks of America's poor edged up last year to a high of 49.7 million, based on the new census measure.


The numbers released Wednesday by the Census Bureau are part of a newly developed supplemental poverty measure. Devised a year ago, this measure provides a fuller picture of poverty that the government believes can be used to assess safety-net programs by factoring in living expenses and taxpayer-provided benefits that the official formula leaves out.


Based on the revised formula, the number of poor people exceeded the 49 million, or 16 percent of the population, who were living below the poverty line in 2010. That came as more people in the slowly improving economy picked up low-wage jobs last year but still struggled to pay living expenses. The revised poverty rate of 16.1 percent also is higher than the record 46.2 million, or 15 percent, that the government's official estimate reported in September.


Due to medical expenses, higher living costs and limited immigrant access to government programs, people 65 or older, Hispanics and urbanites were more likely to be struggling economically under the alternative formula. Also spiking higher in 2011 was poverty among full-time and part-time workers.



http://latino.foxnews.com/latino/lifestyle/2012/11/14/latino-poverty-rate-climbs/

:rofl2:
 
Hey Kenny Rogers, you mock a 30 percent return this year in apple.
I bet you don't have half a million.
Are you 13?

Again, I never said that a 30% return in Apple is bad. But, it all depends on when you bought doesn't it? Not every Apple investor this year has seen a 30% return. My larger point is that this is why I don't invest in individual stock which like most things is over your head.

As for "how much I have", you seem very obsessed with money and who has how much. It sounds like you are trying to compensate for a little wiener.

You do realize that $1 million is not that much money these days. And of course it all depends on whether you are talking about having $1 million liquid or $1 million in net worth. It isn't hard at all to have $1 million in net worth, which would qualify someone as a millionaire.

But, then you claim to be making $1,000 a day on your $1 million even though that it is 100% impossible to do. So you my dear friend are a fucking liar and all of the PMs you send me won't change that ;)
 
You said exactly that titmouse.
In fact your line was hew glad I don't buy and hold that is for suckas.
And you're reference was apple falling to 30 percent for the year.
Best self burn ever on the board.
Kenny Rogers
 
You said exactly that titmouse.
In fact your line was hew glad I don't buy and hold that is for suckas.
And you're reference was apple falling to 30 percent for the year.
Best self burn ever on the board.
Kenny Rogers

Nope you are lying. I never said that.

Again, it all depends on when you buy. If you bought AAPL at $10.50 then sure these bumps along the road probably aren't giving you any heartburn. Although, I would have booked some profits at this point, but that is me.

I also doubt that Apple has made Damo a millionaire. He would have had to buy over $17,000 worth of stock which I find highly doubtful for an individual investor. That is a big position to take in any one equity. The last time AAPL touched $10.50 was in December 2003.
 
Nope you are lying. I never said that.

Again, it all depends on when you buy. If you bought AAPL at $10.50 then sure these bumps along the road probably aren't giving you any heartburn. Although, I would have booked some profits at this point, but that is me.

I also doubt that Apple has made Damo a millionaire. He would have had to buy over $17,000 worth of stock which I find highly doubtful for an individual investor. That is a big position to take in any one equity. The last time AAPL touched $10.50 was in December 2003.
Ok now I know you are a broke ass 30 yr old
I have 3 stoks over 200,000 worth.
Titmouse
 
Ok now I know you are a broke ass 30 yr old
I have 3 stoks over 200,000 worth.
Titmouse

:rofl2:

If you are going to make shit up, at least make it somewhat believable.

You claim to have $1 million portfolio and depending on the specifics because you weren't that clear, you either have 20% or 60% of your portfolio wrapped up in three stocks. For someone who says he is retired, that is about the dumbest fucking thing you can do at this stage of your life. It is like you are begging to be fucked.

Stop embarrassing yourself
 
:rofl2:

If you are going to make shit up, at least make it somewhat believable.

You claim to have $1 million portfolio and depending on the specifics because you weren't that clear, you either have 20% or 60% of your portfolio wrapped up in three stocks. For someone who says he is retired, that is about the dumbest fucking thing you can do at this stage of your life. It is like you are begging to be fucked.

Stop embarrassing yourself
Says the trader who still has to work! You burn yourself with every other statement.
Are you a Mott troll
You are someone either burned by the weak decade or dumb enough to lap that shit up!
 
Says the trader who still has to work! You burn yourself with every other statement.
Are you a Mott troll
You are someone either burned by the weak decade or dumb enough to lap that shit up!

I don't mind working. You appear to have an aversion to it.

So which is it? Do you have three stocks totaling $200,000 or are you claiming to have three stocks each worth $200,000 a piece? Please clarify.

Either way, I call bullshit and say you are setting yourself up for a big loss. You obviously don't understand the first thing of managing risk when investing.
 
I don't mind working. You appear to have an aversion to it.

So which is it? Do you have three stocks totaling $200,000 or are you claiming to have three stocks each worth $200,000 a piece? Please clarify.

Either way, I call bullshit and say you are setting yourself up for a big loss. You obviously don't understand the first thing of managing risk when investing.
Explain how your portfolio is better, I'm tired of teaching you.
Yeah your engineering job is better than a party.
Titmouse.
 
Explain how your portfolio is better, I'm tired of teaching you.
Yeah your engineering job is better than a party.
Titmouse.

I told you. I don't have a portfolio per se. I trade the S&P and once in a while dive into gold if there are good set ups. I have tried all sorts of investing activities, from picking mutual funds (buy and hold) and stocks (buy and hold), but I quickly learned that I wasn't getting anywhere fast. So I investigated trading. Am I an expert? Nope. Can I beat the big wigs on Wall St who have computers that trade at the speed of light? Nope. But, I am not trying to do either. I set a goal of beating the S&P 500 every year.

I am saying what I do is better for me. I sleep much better at night. I don't have to watch stocks. I don't have to worry about some news event that will tank a stock or some earnings call that fails to live up to analysts estimates.

For me it has been the most successful I have ever been investing with half the work. I don't have to follow any news. I don't have to read any annual reports or income statements or statements of cash flows or balance sheets or run any screens. I just look at the chart of the S&P 500 and draw straight lines. The trend is your friend. Trend up, I go long. Trend down, I go short. It isn't day trading and if you think it is then you don't understand it.
 
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