A study published Tuesday by the United States Census Bureau shows that increasingly Americans are losing their battle to stay afloat in an economic climate that refuses to recover. The amount of Americans living below the poverty line has increased to its highest number since the bureau began maintaining such records in 1959.
Been over 10 years since high percentage
There were 46.2 million people considered in the poverty rate last year. That amount increased from 2009's 43.6 million individuals. Now the number of poor Americans is at the same point it was 52 years back when reports starting being kept. All numbers from 2010 are "approaching levels not seen since Lyndon B. Johnson launched the War on Poverty in 1965." This is ridiculous, the Los Angeles Times said.
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.
Individuals making less too
We may also look at the median household revenue. It fell too. At the end of 2010 the average American made $49,445, which is down 2.3 percent from 2009. There was also an increase in the amount of Americans without medical insurance to 49.9 billion. A rise was shown in the amount of kids residing in poverty also. It went up to 22 percent from 20.7 percent.
Don't expect things to get better
This year, the numbers are likely to follow the same trend. Don't expect it to be better. This year, the nation had to deal with a financial rating downgrade. Unemployment is at over 9 percent still.
The poverty threshold for the 2010 report was $11,139 annual income for an individual, and $22,314 for a family of four. Revenue does not consist of food stamps or tax credits. Many individuals would have been over the poverty line with those counting. It also helps individuals to have unemployment benefits. It would push many over the line.
Could be worse
Some experts believe that other factors downplay the nation's poverty level. Young adults are considered part of their parent's income still when they cannot discover jobs. Many experts also argue that the poverty threshold, which was designed almost fifty years ago, is irrelevant to the needs of people living in today's economy.
Jobs creation package
The Census Bureau report comes on the heels of President Obama's push for a $450 billion jobs creation bill. Because of the report, the debate will start to get hot. Individuals are likely to want to know whether or not the government should really be involved in welfare or not.
Are not doing well compared to others
For a long time now, the U.S. has had high poverty rates. This is particularly true when compared to the developed world. There are only three countries with higher poverty rates. This consists of Mexico, Chile and Israel.
Been over 10 years since high percentage
There were 46.2 million people considered in the poverty rate last year. That amount increased from 2009's 43.6 million individuals. Now the number of poor Americans is at the same point it was 52 years back when reports starting being kept. All numbers from 2010 are "approaching levels not seen since Lyndon B. Johnson launched the War on Poverty in 1965." This is ridiculous, the Los Angeles Times said.
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.
Individuals making less too
We may also look at the median household revenue. It fell too. At the end of 2010 the average American made $49,445, which is down 2.3 percent from 2009. There was also an increase in the amount of Americans without medical insurance to 49.9 billion. A rise was shown in the amount of kids residing in poverty also. It went up to 22 percent from 20.7 percent.
Don't expect things to get better
This year, the numbers are likely to follow the same trend. Don't expect it to be better. This year, the nation had to deal with a financial rating downgrade. Unemployment is at over 9 percent still.
The poverty threshold for the 2010 report was $11,139 annual income for an individual, and $22,314 for a family of four. Revenue does not consist of food stamps or tax credits. Many individuals would have been over the poverty line with those counting. It also helps individuals to have unemployment benefits. It would push many over the line.
Could be worse
Some experts believe that other factors downplay the nation's poverty level. Young adults are considered part of their parent's income still when they cannot discover jobs. Many experts also argue that the poverty threshold, which was designed almost fifty years ago, is irrelevant to the needs of people living in today's economy.
Jobs creation package
The Census Bureau report comes on the heels of President Obama's push for a $450 billion jobs creation bill. Because of the report, the debate will start to get hot. Individuals are likely to want to know whether or not the government should really be involved in welfare or not.
Are not doing well compared to others
For a long time now, the U.S. has had high poverty rates. This is particularly true when compared to the developed world. There are only three countries with higher poverty rates. This consists of Mexico, Chile and Israel.
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