US poverty rate continues to rise
Date: Wednesday, August 31 @ 01:32:53 CDT
Topic: Archive of stories pre April 2007


The number of people classed as poor in the US has increased - despite strong economic growth, say official figures.

An extra 1.1 million Americans dropped below the poverty line last year, according to the US Census Bureau.

There were 37 million people living in poverty in 2004, up 12.7% from the previous year.

The report said non-Hispanic whites were the only ethnic group to experience an increase in poverty as well as a drop in income.

Economic lag

Asians were the only ethnic group to show a decline in poverty in 2004 compared with the previous year, while poverty among the elderly also fell.

It rose only for non-Hispanic whites, from 8.2 % in 2003 to 8.6 % over the same period. The poverty rate remained unchanged for black and Hispanics.

The last time poverty fell in the US was in 2000 when there were 31.1 million people officially classed as poor.

The rise in poverty comes despite solid economic growth in 2004, which helped to create 2.2 million jobs in the US.

"I guess what happened last year was kind of similar to what happened in the early 1990s where you had a recession that was officially over and then you had several years after that of rising poverty," said Charles Nelson, an assistant division chief at the Census Bureau.

Source For Full Article : Click Here

Credit To Author.


Disclaimer

This website contains copyrighted news material - the use of which has not always been specifically authorized by the copyright owner. We believe that our use of such material for nonprofit educational purposes (and other related purposes) constitutes a 'fair use' of the copyrighted material as provided for in the US Copyright Law at Title 17 U.S.C. Section 107. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. If for any reason you believe that our use of your material on this site does not fall within the fair use guidelines, please immediately notify The Black Vault so that we can promptly address the matter.

Sincerely,

John Greenewald, Jr.

a The Black Vault Headquarters

http://www.blackvault.com





This article comes from The Black Vault
http://www.theblackvault.com

The URL for this story is:
http://www.theblackvault.com/modules.php?name=News&file=article&sid=15076