Saturday, November 19, 2011

NYT: More Bordering on Poverty

Posted By on Sat, Nov 19, 2011 at 8:35 AM

The New York Times reports today about a new measure of poverty: "the near poor."
According to the Times:

They drive cars, but seldom new ones. They earn paychecks, but not big ones. Many own homes. Most pay taxes. Half are married, and nearly half live in the suburbs. None are poor, but many describe themselves are barely scraing by.

According to revised numbers from the U.S. Census Bureau, 51 million people have incomes less than 50 percent above the poverty line, a 76 percent jump from original numbers released in September.

"All told, that places 100 million people—one in three Americans—either in poverty or in the fearful zone just above it," reports the Times.

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