More Americans now live in poverty than at any time since 1960:
More troubling news on the downward economic spiral of America’s working families. In 2010, median household income declined and the poverty rate increased, according to U.S. Census Bureau data announced this morning.
Running counter to the American tradition of ever-rising prosperity, real median household income in the United States declined by 2.3 percent from 2009 to 2010, and now stands at $49,445.
Further: The nation’s official poverty rate in 2010 was 15.1 percent, up from 14.3 percent in 2009 ─ the third consecutive annual increase in the poverty rate. There were 46.2 million people in poverty in 2010, up from 43.6 million in 2009 ─ the fourth consecutive annual increase and the largest number in the 52 years for which poverty estimates have been published.
(Source: ziatroyano)
