U.S. Poverty at 11-Year High

The poverty rate hit an 11-year high in 2008, according to the U.S. Census Bureau.

1 minute read

September 12, 2009, 1:00 PM PDT

The downward trend in personal income is expected to continue throughout 2009 and into 2010.

"Experts said they expected the official poverty rate, which rose to 13.2% of the nation from 12.5% in 2007, to keep climbing this year and next, reversing the progress made in the 1990s.

With the U.S. unemployment rate averaging 8.9% this year and increasing almost every month, compared with 5.8% in 2008, incomes are likely to deteriorate further as well.

The median household income -- the point at which half were more and half were less -- fell 3.6% to $50,303 last year from 2007, the Census Bureau said."

FULL STORY: U.S. poverty rate hit 11-year high in 2008

Friday, September 11, 2009 in Los Angeles Times

Social / Demographics United States Poverty

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