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Poverty Rate. U.S. Reaches Highest Level

Level. poverty. The United States reached its highest level in two decades. So also with household income declined from the year 2010. This underlines the impact of the bad economy for seven decades.

Based on data released by the U.S. Census Bureau on Tuesday (09/13/2011) local time, shows the number of people living in poverty reached 15.1 percent. The poverty rate at the level of 14.3 percent in 2009. The median household income was down 2.3 percent.

The number of U.S. residents living in poverty is the highest in 52 years since the U.S. Census Bureau began to collect data. It shows the economy is getting worse in recent months. "Families are struggling to put food on the table. And they have no bargaining power to assist the economic recovery, "said Isabel Sawhill, Senior Fellow at the Brookings Institution, Washington, as quoted by Bloomberg.

U.S. poor population now increased to 46.2 million from 43.6 million people. The poverty rate of 15.1 percent last occurred in 1993. While the median household income in 2010 amounted to 49,445 U.S. dollars, down from 50,599 U.S. dollars in 2009.


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