Tuesday, September 13, 2011

Poverty rate rises in America

NEW YORK (CNNMoney) - Amid a still struggling economy, more people in America fell below the poverty line last year, according to new census data released Tuesday. The nation's poverty rate rose to 15.1% in 2010, its highest level since 1993. In 2009, 14.3% of people in America were living in poverty. About 46.2 million people are now considered in need. The government defines the poverty line as income of $22,314 a year for a family of four and $11,139 for an individual. The Office of Management and Budget updates the poverty line each year to account for inflation.

http://www.wfmz.com/business/Poverty-rate-rises-in-America/-/121698/1379204/-/urwxcvz/-/index.html

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