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Half of America is officially poor

Monday, December 19, 2011

Half of America is officially poor

While it’s no surprise that nearly 50 million Americans live below the poverty line, new statistics from the US Census show that almost 100 million others are counted as low-income citizens, making half of the population of America officially poor.

The latest figures out of the US Census Bureau show that in addition to the 49.1 million Americans who fall below the official poverty line, those that rake in enough to be between that level and the income equitable to double it fall into a new “low-income” category, which counts an additional 97.3 million people. Altogether, that clump of nearly 150 million Americans living in dire economic standing accounts for around 48 percent of the US population..... MORE


URL: http://rt.com/usa/news/half-poor-america-poverty-909/

1 comment

Jesusa Bernardo said...

harhar. sarap ng buhay ng top 1% sa kalbong agila, kahit kalahati o baka higit pa ay mahihirap. ah. as if naman sa pinas, walang parang ganyan... siyempre naman, tuta yata de imperyalista kaya gaya.gaya ang mga pinoy!

"Don’t fret though. It isn’t all doom and gloom! Some Americans are in fact seeing a turn for the better. While half of the country might be considered poor now, some citizens recently saw pay raises in the last year that were to the tune of 40 percent. Unfortunately, they probably didn’t necessarily need that bump. According to the Guardian, the top CEOs in America saw pay hikes between 27 and 40 percent last year. The paper adds that the highest paid exec in the US racked up more than $145.2 million last year, and the median value of their profits on stock options jumped 70 percent."

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