Quantcast

Poverty rate hits 18-year high as median income falls, Does Obama deserve credit?

bob 2011/09/13 22:15:38
Poverty rate hits 18-year high as median income falls

msnbc.com

The median income fell last year, and the poverty rate rose to the highest level since 1993. Shaded areas represent recessions.

The number
of Americans who have fallen into poverty rose to 15.1 percent in
2010, the highest level in nearly two decades, the Census Bureau said
Tuesday in a report.

The report, which
showed the poverty rate rose for a third straight year as the economy
struggles with a stumbling recovery and persistent high
joblessness, said the number of poor Americans in 2010 was the largest
in the 52 years that it has been publishing poverty estimates, according
to Reuters.

There were 46.2 million people in poverty in 2010, up
from 43.6 million in 2009 ─ the fourth consecutive annual increase in
the figure.

In a report that covers the first full calendar year
after the end of the Great Recession, the bureau also said real median
income dropped for the third year in a row.

Median household
income in the United States in 2010 was $49,445, a 2.3 percent decline
from the 2009 median, after adjusting for inflation.

The percentage
of Americans without health insurance coverage was not statistically
different from the previous year, the bureau said.

Among some of the other data from the report:


  • Women working full time earned about 77 percent of what men earned,
    about the same ratio statistically as in 2009. But the number of men
    working full time dropped by 6.6 million while the number of women
    employed full time, with earnings, dropped by 2.8 million.
  • The number of families in poverty has risen to 9.2 million in 2010
    from 8.8 million in 2009. That boosted the family poverty rate to 11.7
    percent from 11.1 percent.
  • For children under 18, the poverty rate rose to 22.0 percent from
    20.7 percent, while for ages 18 to 64 it increased to 13.7 percent from
    12.9 percent.

The report comes as President Barack Obama has embarked on a
campaign to boost U.S. jobs growth to shake the economy out of an
unemployment rate that has stagnated at around 9 percent for months. On
Monday he sent a $447 billion jobs creation bill to Congress, asking
lawmakers to pass the bill as soon as possible.

You!
Add Photos & Videos

Sort By
  • Most Raves
  • Least Raves
  • Oldest
  • Newest
Opinions

  • princess 2011/09/15 03:40:47
    princess
    +1
    Absolutely.
  • mwg0735 2011/09/14 02:16:29
  • VoteOut 2011/09/13 23:46:16
    VoteOut
    +1
    that his idea of equality everybody should be poor
  • tea for you 2011/09/13 22:37:52
    tea for you
    +1
    strange fact it's the same number as the uninsured
  • flaca BN-0 2011/09/13 22:36:25
    flaca BN-0
    +1
    they forgot to say that record number of people now live in uber wealth too.
    Yep the middle class is shrinking. Only the wealthy and the poor are increasing.
  • bob flaca BN-0 2011/09/13 22:45:39
    bob
    and what are you going to do when you run out of their money as well?
  • flaca BN-0 bob 2011/09/13 22:46:51
    flaca BN-0
    +1
    who's money?
  • VoteOut flaca BN-0 2011/09/13 23:47:23 (edited)
    VoteOut
    +1
    i think people should open their eyes look around practice graditude every day all I see is abundance every where
  • VoteOut flaca BN-0 2011/09/13 23:49:31
    VoteOut
    +1
    that's the idea under elitist socialist rule wipe out the middle class and the heart and soul of the nation
  • bob VoteOut 2011/09/13 23:50:13
    bob
    +1
    you got that right

See Votes by State

The map above displays the winning answer by region.

News & Politics

2014/07/26 17:18:53

Hot Questions on SodaHead
More Hot Questions

More Community More Originals