Record Number Of Americans Below Poverty Line

Solitude 2 - homelessGrim statistics reported by the New York Times:

Another 2.6 million people slipped into poverty in the United States last year, the Census Bureau reported Tuesday, and the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it.

And in new signs of distress among the middle class, median household incomes fell last year to levels last seen in 1997.

Economists pointed to a telling statistic: It was the first time since the Great Depression that median household income, adjusted for inflation, had not risen over such a long period, said Lawrence Katz, an economics professor at Harvard.

“This is truly a lost decade,” Mr. Katz said. “We think of America as a place where every generation is doing better, but we’re looking at a period when the median family is in worse shape than it was in the late 1990s.”

The bureau’s findings were worse than many economists expected, and brought into sharp relief the toll the past decade — including the painful declines of the financial crisis and recession —had taken on Americans at the middle and lower parts of the income ladder. It is also fresh evidence that the disappointing economic recovery has done nothing for the country’s poorest citizens.

The report said the percentage of Americans living below the poverty line last year, 15.1 percent, was the highest level since 1993. (The poverty line in 2010 for a family of four was $22,314.)…

[continues in the New York Times]

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  • 百鬼

    Yet of these “poor” people:
    43% own their own home. 80% of poor households have air conditioning, in 1970s only 36% had, and while I was in China it felt like no one had. 92% of poor households have a microwave. 31% have two or more cars or trucks. 67% have cable or satellite TV. >50% have a personal computer >50% of poor families with children have a video game system, such as an Xbox or PlayStation. 43% have Internet service. 34% have a wide-screen plasma or LCD TV. >50% have a cell phone.

    I wish I was poor…

    • Anarchy Pony

      Really sick of this line of reasoning.

      • Jin The Ninja

        agreed. it’s just outrageously childish and anti-logic/intellectual.not to mention anything of it’s highly dubious moral standard.

    • Jin The Ninja

      你在胡说什么

    • http://voxmagi-necessarywords.blogspot.com/ VoxMagi

      So…I take it your assumption is that…if anyone has become poor after a lifetime of work…they should promptly get rid of any trace leftovers of a life of hard work and consumption so that they look poor enough to qualify for your sympathy?

      We aren’t talking about generational poverty and total destitution…we’re talking about the number of Americans who have moved from one economic bracket…downwards…and into another bracket. Some of them have boats and flatscreens and computers and more…because they busted their asses being good workers and consumers to get them…then watched their jobs evaporate and their incomes crash…

      …and then they have to tolerate asshats like you dissing them for owning the things they worked hard to get. Grow a brain and stop regurgitating neo-con memes designed to get morons to stab their fellow Americans in the back.

    • Guest

      So what you are saying is that, even though this country is flat on it’s ass in the worst economic disaster in history–

      WE’RE JUST NOT SCREWED ENOUGH TO MAKE YOU HAPPY.

  • 百鬼

    Yet of these “poor” people:
    43% own their own home. 80% of poor households have air conditioning, in 1970s only 36% had, and while I was in China it felt like no one had. 92% of poor households have a microwave. 31% have two or more cars or trucks. 67% have cable or satellite TV. >50% have a personal computer >50% of poor families with children have a video game system, such as an Xbox or PlayStation. 43% have Internet service. 34% have a wide-screen plasma or LCD TV. >50% have a cell phone.

    I wish I was poor…

  • Wanooski

    Really sick of this line of reasoning.

  • Anonymous

    你在胡说什么

  • Anonymous

    你在胡说什么

  • Anonymous

    agreed. it’s just outrageously childish and anti-logic/intellectual.

  • Anonymous

    agreed. it’s just outrageously childish and anti-logic/intellectual.

  • http://profiles.google.com/bethshatara Beth Shatara

    Ahbahhmah promised change and not dollar bills, so what did you expect?

    • Anarchy Pony

      Okay fucktard, you keep on fuckin’ that broken paradigm, I’ll be over here pushin’ for something genuinely better.

  • http://profiles.google.com/bethshatara Beth Shatara

    Ahbahhmah promised change and not dollar bills, so what did you expect?

  • http://voxmagi-necessarywords.blogspot.com/ VoxMagi

    So…I take it your assumption is that…if anyone has become poor after a lifetime of work…they should promptly get rid of any trace leftovers of a life of hard work and consumption so that they look poor enough to qualify for your sympathy?

    We aren’t talking about generational poverty and total destitution…we’re talking about the number of Americans who have moved from one economic bracket…downwards…and into another bracket. Some of them have boats and flatscreens and computers and more…because they busted their asses being good workers and consumers to get them…then watched their jobs evaporate and their incomes crash…

    …and then they have to tolerate asshats like you dissing them for owning the things they worked hard to get. Grow a brain and stop regurgitating neo-con memes designed to get morons to stab their fellow Americans in the back.

  • Wanooski

    Okay fucktard, you keep on fuckin’ that broken paradigm, I’ll be over here pushin’ for something genuinely better.

  • Wanooski

    Okay fucktard, you keep on fuckin’ that broken paradigm, I’ll be over here pushin’ for something genuinely better.

  • Wanooski

    Okay fucktard, you keep on fuckin’ that broken paradigm, I’ll be over here pushin’ for something genuinely better.

  • Guest

    So what you are saying is that, even though this country is flat on it’s ass in the worst economic disaster in history–

    WE’RE JUST NOT SCREWED ENOUGH TO MAKE YOU HAPPY.

  • Guest

    So what you are saying is that, even though this country is flat on it’s ass in the worst economic disaster in history–

    WE’RE JUST NOT SCREWED ENOUGH TO MAKE YOU HAPPY.

  • Guest

    So what you are saying is that, even though this country is flat on it’s ass in the worst economic disaster in history–

    WE’RE JUST NOT SCREWED ENOUGH TO MAKE YOU HAPPY.

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