Special offer

And the data just keeps pouring in!

By
Real Estate Broker/Owner

49.7 million Americans in poverty, Census Bureau says

The numbers released Wednesday by the Census Bureau are part of a newly developed supplemental poverty measure. Devised a year ago, this measure provides a fuller picture of poverty that the government believes can be used to assess safety-net programs by factoring in living expenses and taxpayer-provided benefits that the official formula leaves out. 

Based on the revised formula, the number of poor people exceeded the 49 million, or 16 percent of the population, who were living below the poverty line in 2010. That came as more people in the slowly improving economy picked up low-wage jobs last year but still struggled to pay living expenses. The revised poverty rate of 16.1 percent also is higher than the record 46.2 million, or 15 percent, that the government's official estimate reported in September.

 

Just so we will be clear, Obama owns this now.

Comments (3)

David Gonzalez
David Gonzalez, Broker - Rancho Cucamonga, CA
Serving your Real Estate needs on a Silver Platter

We are in a real mess. In California and in U.S. in general is that goverment doensn't know how to balance a check book so then they continue to ask us for more taxes.

Nov 14, 2012 09:30 AM
Bill Lauler
Chase Realty LLC - McLean, VA
Associate Broker,CIPS,CRB,SRES,GRI

Dale , the second shoe on Obama care will drop in January as our insurance goes up for our agents and employee's...

Nov 14, 2012 09:40 PM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Scary out there.  I know the economy is bad when I watch the news and see that the people committing the crimes are not just your typical drug dealer thugs.  A lot of desperate people.

Nov 19, 2012 09:48 PM