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Census shows 1 in 2 people are poor or low-income

Census: The Poor

Squeezed by rising living costs, a record number of Americans, almost 1 in 2, have fallen into poverty or are scraping by on earnings that classify them as low income. The latest census data depict a middle class that is shrinking as unemployment stays high and the government's safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and families.

 

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.

 

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