Tuesday, September 13, 2011

Portion of Americans Living in Poverty Rises to Highest Level Since 1993 - NYTimes.com

Portion of Americans Living in Poverty Rises to Highest Level Since 1993 - NYTimes.com: The portion of Americans living in poverty last year rose to the highest level since 1993, the Census Bureau reported Tuesday, fresh evidence that the sluggish economic recovery has done nothing for the country’s poorest citizens.

An additional 2.6 million people slipped below the poverty line in 2010, census officials said, making 46.2 million people in poverty in the United States, the highest number in the 52 years the Census Bureau has been tracking it, said Trudi Renwick, chief of the Poverty Statistic Branch at the Census Bureau.

That figure represented 15.1 percent of the country.

The poverty line in 2010 was at $22,113 for a family of four.

“It was a surprising large increase in the overall poverty rate,” said Arloc Sherman, senior researcher at the Center on Budget and Policy Priorities. “We see record numbers and percentages of Americans in deep poverty.”

And in new evidence of economic distress among the middle class, real median household incomes declined by 2.3 percent in 2010 from the previous year, to $49,400. That was 7 percent less than the peak in 1999 of $53,252.