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US poverty on track to post record gain in 2009

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-12-10 09:07 AM
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US poverty on track to post record gain in 2009
Interviews with six demographers who closely track poverty trends found wide consensus that 2009 figures are likely to show a significant rate increase to the range of 14.7 percent to 15 percent.

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.

Among the 18-64 working-age population, the demographers expect a rise beyond 12.4 percent, up from 11.7 percent. That would make it the highest since at least 1965, when another Democratic president, Lyndon B. Johnson, launched the war on poverty that expanded the federal government's role in social welfare programs from education to health care.

http://www.google.com/hostednews/ap/article/ALeqM5hrI16Lcca0yq7kpyqoCVECFHnjIQD9I5PQJ80
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