Monday, September 1, 2014

Record Number of Americans Live in Poverty without Healthcare

September 13, 2011 by  
Filed under Business, News

Share

Congress’s failure to resolve high unemployment and to effectively stimulate economic recovery in the United States has resulted in an increase in the number of poor to 46.2 million in 2010 — the largest number since record-keeping began 52 years ago, the Census Bureau reported Tuesday.

The share of all people in the U.S. who fell below the poverty line rose to 15.1% last year from 14.3% in 2009. That matched the poverty rate reached in 1993 before falling steadily to 11.3% in 2000. Since then the poverty rate has risen, accelerating after the recession began in late 2007, and is now approaching levels not seen since Lyndon B. Johnson launched the War on Poverty in 1965.

Last year the share of children under 18 living in poverty jumped to 22%, from 20.7% the previous year.

The Census Bureau’s report also showed an increase in the number of people without healthcare coverage rose to 49.9 million last year from 49 million in 2009, though the percentage of uninsured was statistically unchanged. And there was a further erosion of incomes at the middle of the middle class.

Inflation-adjusted median household income in the U.S. fell 2.3% in 2010 from a year ago, to $49,445. more

Comments are closed.