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Indybay Feature

Census report shows rising poverty in US

by wsws (reposted)
Wednesday, August 27, 2008 :The Census Bureau reported Tuesday that the official poverty rate in the United States rose in 2007 to 12.5 percent, compared to 12.3 percent the previous year. According to the bureaus American Community Survey, last year 37.3 million Americans were living below the income level, which, according to the government, signifies poverty.
This is an increase of 800,000, or 2 percent, over the official poverty level for 2006. As damning as the official figures are, the real scale of poverty in the US is much higher. The government set the poverty cut-off point for a family of four in 2007 at $21,203. Such an income means outright destitution. Millions more Americans live in conditions that by any objective standard amount to poverty.

The number of children living below the official poverty line increased much more sharply in 2007, rising to 13.3 million from 12.8 million in 2006, an increase of 3.9 percent. According to the governments figures, 17.4 percent of American children were in poverty last year.

The poverty level for Latinos and foreign-born Americans also rose more sharply than the overall increase.

The official poverty rates for both adults and children are considerably higher than their low points in the 1990s. Between 2001 (when the official poverty rate was 11.3 percent) and 2007a period of economic expansion marked by a massive accumulation of wealth at the very top of American societythe poverty rate rose by 10.6 percent. The rate for 2007 marked the biggest jump in poverty during an economic recovery in US history.

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