“Census Bureau Releases 2011 Poverty Data – Downward Trends Continue” @ Huffington Post
Posted on September 17, 2012
Dan Lesser — September 14, 2012: “On Wednesday, the U.S. Census Bureau released data on poverty and health insurance coverage for 2011. The headline is that poverty stayed the same in 2011 as it was in 2010. Not too interesting, unless one looks beneath the surface.
Poverty: There are still 46 million people in America who live in poverty, including one in every five children. That’s 25 percent more people than at the start of the recession in 2007. The poverty level for a family of three is $19,090.
Economic Recovery and Poverty: There is no assurance that poverty will decrease as the economy recovers. During the last economic recovery, economic growth was so weak and the monetary benefits of recovery were so unevenly shared that the official poverty rate grew from 11.7 percent at the start of the recovery in 2001 to 12.5 percent when the recovery ended in 2007……………”
Read more at Huffington Post.