More are slipping into poverty in the United States
The Census Bureau today let us know something we’ve felt instinctively all year, namely that poverty is rising in the United States.
The Bureau states that in 2010, household income declined and the poverty rate increased.
The poverty rate rose to 15.1%, up from 14.3% in 2009. This is the third consecutive annual increase in poverty and reflects the coninuing pain from the Great Recession of 2008
This represents a whopping 46.2 million people in poverty in 2010, up from 43.6 million in 2009 and the largest number in the 52 years of published estimates.
Since 2007, real median income has declined 6.4 percent. Income declined for whites and blacks, but stayed the same for Asians and Hispanics.
While this does not mean a likely return to the breadlines of 1929, the new numbers take on particular urgency as the President seeks to pass his new jobs bill.
Read the fill census report here. What is your reaction to these new numbers?
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