Saturday, September 25, 2010

Number of Americans living in poverty 'increases by 4m'


One in seven Americans was living in poverty in 2009 with the level of working-age poor the highest since the 1960s, the US Census Bureau says.

The number of people in poverty increased by nearly 4m - to 43.6m - between 2008 and 2009, officials said.

The bureau defines poverty as any family of four living on less than $21,954 a year.

Meanwhile, new figures showed home foreclosures in August hit the highest level since the mortgage crisis began.

See full Article.