A study published Tuesday by the United States Census Bureau suggests that increasingly Americans are giving up their battle to remain afloat in an economy that neglects to recuperate. The amount of Americans living under the poverty line has increased to its highest amount since the bureau started keeping such reports in 1959.
Percentage is very high
The countrywide poverty rate in 2010 hit 46.2 million individuals, up from 43.6 million in 2009. The amount of poor Americans is the highest it has been since the reports started 52 years back. The 2010 poverty number are "approaching levels not seen since Lyndon B. Johnson launched the War on Poverty in 1965," states the Los Angeles Times.
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.
Reduction in median revenue
The median household revenue also fell. There was a 2.3 percent drop from 2009 to 2010 to $49,445. There are now 49.9 billion Americans without medical insurance too. That is also an increase. There was an increase from 20.7 percent to 22 percent in the number of children in poverty.
Discouraging numbers likely to continue
Analysts said that the numbers will not be changing this year. The country suffered a financial rating downgrade this year and unemployment remains stagnant at more than 9 percent.
For one person, the poverty threshold was at $11,139 last year while it was $22,314 for a family of four. All tax credits and food stamps don't count as revenue. This is not how the Census Bureau calculates things. If it had, many of those counted as below the poverty line would have increased above it. It also helps people to have joblessness benefits. It would push many over the line.
You could expect worse
Some experts believe that other factors downplay the nation's poverty level. Young adults aren't able to find work many times. They end up on their parent's income in these cases. The poverty threshold shouldn't be considered in today's economic climate, experts believe, since it was created about fifty years ago.
A package might go through
President Obama is pushing a $450 billion jobs creation bill to make an effort to get some jobs going. The report is sure to heat up the controversy over what role the government should take in assisting the needy at a time when budgets are being slashed.
Poverty rate is quite high
When compared to the developed nation, the U.S. has had higher poverty rates than most for quite a while. Only Chile, Israel and Mexico have higher poverty rates.
Percentage is very high
The countrywide poverty rate in 2010 hit 46.2 million individuals, up from 43.6 million in 2009. The amount of poor Americans is the highest it has been since the reports started 52 years back. The 2010 poverty number are "approaching levels not seen since Lyndon B. Johnson launched the War on Poverty in 1965," states the Los Angeles Times.
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.
Reduction in median revenue
The median household revenue also fell. There was a 2.3 percent drop from 2009 to 2010 to $49,445. There are now 49.9 billion Americans without medical insurance too. That is also an increase. There was an increase from 20.7 percent to 22 percent in the number of children in poverty.
Discouraging numbers likely to continue
Analysts said that the numbers will not be changing this year. The country suffered a financial rating downgrade this year and unemployment remains stagnant at more than 9 percent.
For one person, the poverty threshold was at $11,139 last year while it was $22,314 for a family of four. All tax credits and food stamps don't count as revenue. This is not how the Census Bureau calculates things. If it had, many of those counted as below the poverty line would have increased above it. It also helps people to have joblessness benefits. It would push many over the line.
You could expect worse
Some experts believe that other factors downplay the nation's poverty level. Young adults aren't able to find work many times. They end up on their parent's income in these cases. The poverty threshold shouldn't be considered in today's economic climate, experts believe, since it was created about fifty years ago.
A package might go through
President Obama is pushing a $450 billion jobs creation bill to make an effort to get some jobs going. The report is sure to heat up the controversy over what role the government should take in assisting the needy at a time when budgets are being slashed.
Poverty rate is quite high
When compared to the developed nation, the U.S. has had higher poverty rates than most for quite a while. Only Chile, Israel and Mexico have higher poverty rates.
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