Friday, December 16, 2011

Over 146 millions live in poverty in US


A man looks through the trash in New York City. (file photo)

Source: Press TV
http://www.presstv.ir/detail/215860.html

Nearly 1 in 2 Americans have now fallen into poverty or are scraping by on earnings that classify them as low income, a report by the US Census Bureau says.

Based on a new supplemental measure by the Census Bureau more than ninety seven million Americans are considered to have low-income, defined as between 100 and 199 percent of the poverty level.

Another 49.1 million Americans live below the poverty line, meaning 146.4 million Americans, or 48 percent are considered low-income or poor, Associated Press reported on Thursday.

The new measure of poverty takes into account medical, commuting and other living costs. The new method raised the number of people below 200 percent of the poverty level up from 104 million, or 1 in 3 Americans that was officially reported in September.

The new data shows that children were most likely to be poor or low-income - about 57 percent, followed by seniors over 65.

Meanwhile Hispanics topped the list at 73 percent, followed by blacks, Asians and non-Hispanic whites.

Among low-income families, about one-third was considered poor while the remainder - 6.9 million - earned income just above the poverty line.

The US recession began in 2007. More than a year after the recession officially ended in 2009, the US unemployment rate remains above 9 percent, and the poverty rate rose to 15.3 percent in 2010 from 14.3 percent in 2009.

The “incredibly unequal top-down distribution of wealth” in the US has formed an elite group who controls most aspects of the country's affluence, according to analysts.

The Occupy Wall Street (OWS) movement emerged on September 17 in the financial district of New York City to protest at a number of issues including the wars in the Middle East, US financial crisis, rising poverty, soaring unemployment, and high bonuses for Wall Street executives.

No comments:

Post a Comment

Thanks for commenting on this post. Please consider sharing it on Facebook or Twitter for a wider discussion.

Russian / Ukraine War - (Mar 08th, 2024)

How the Ukraine War Changed the World - (Mar 01st, 2024)

Redacted - Egypt's betrayal of Palestine - Vanessa Beeley

CrossTalk | Magical thinking - (Feb 28th, 2024)

Hillary Clinton Interrupted & Called Out in Berlin

We don’t want war with Israel, but if they impose it on us, we are ready – Hezbollah

ICJ delivers ruling in favour of South Africa

ICJ ruling | Court stops short of ordering Gaza ceasefire, demands that Israel prevent genocide

South Africa's Closing Argument Against Israel for Genocide at the ICJ

Wider Middle East war. US, UK strike Yemen

U.S., UK Start Another Unwinnable War In Yemen

Geopolitical Storm Brewing from Palestine to Ukraine

How the US Global Order is Challenged - With Pepe Escobar (Nov 20, 2023)

Shahid Bolsen - Message to the Israeli people

Roger Waters - To Whom It May Concern: Please Stop.

US policy slowing down China's economy w/ Jeffrey Sachs

Max Blumenthal s destroys RFKJr's outrageous Israelí Propaganda

Totalitarianism, Censorship and Syria with Peter Lavelle, Vanessa Beeley & Kevork Almassian

Putin shows treaty on Ukraine’s neutrality, signed by Kiev but dumped under Western pressure

Assad's speech at the Arab League Summit - what it means for the future of the region

Assad returns to Arab League

HUGE China brokered deal, Iran & Saudi Arabia restore diplomatic ties

Nord Stream pipeline & sabotaging peace w/Jeffrey Sachs

The Tragedy of Ukraine

Historical Events that Led to the Start of the Ukraine Conflict

Your Wars Will Destroy the Planet - Roger Waters

Healthy Athletes suffer Heart Problems After Getting the Jab