US Poverty Rate Expected to Post a Record Increase

By Hope Yen

Should those estimates hold true, some 45 million people in this country, or more than 1 in 7, were poor last year. It would be the highest single-year increase since the government began calculating poverty figures in 1959. The previous high was in 1980 when the rate jumped 1.3 percentage points to 13 percent during the energy crisis.

http://www.informationclearinghouse.info/article26347.htm



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