Wednesday 14 September 2011

US: Number of poor hit record 46 million in 2010



(Reuters) - A record 46 million Americans were living in poverty in 2010, pushing the U.S. poverty rate to its highest level since 1993, according to a government report on Tuesday on the grim effects of stubbornly high unemployment.

Underscoring the economic challenges that face President Barack Obama and Congress, the U.S. Census Bureau said the poverty rate rose for a third consecutive year to hit 15.1 percent in 2010. 

The number in poverty was the largest since the government first began publishing estimates in 1959.

For article GO HERE



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