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(Image from article: "Portion of Americans Living in Poverty Rises to Highest Level Since 1993")

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Poverty flat in the US, but incomes drop

After three straight years of increases, the number of Americans living below the poverty line remained the same in 2011 versus the prior year, but overall Americans' incomes dropped.

 

Portion of Americans Living in Poverty Rises to Highest Level Since 1993

Portion of Americans Living in Poverty Rises to Highest Level Since 1993

The Census Bureau report also found that median household incomes declined by 2.3 percent in 2010, in a sign of the toll the economic slump has taken.

 

Poverty Rate Rose Sharply in 2009, Says Census Bureau

Poverty Rate Rose Sharply in 2009, Says Census Bureau

The report said that 44 million people, or one in seven residents, lived in poverty in the United States in 2009, the highest rate since 1994.

Senh: Makes sense. We're in one of the worst recessions since The Great Depression. Poverty in the U.S. equals families with six kids and annual income of about $21,000. Sure, that's very little money in our standands, but compared that to the average income of Chinese families who survive on less than $1,000 a year.

 

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