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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
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U.S. poverty rises to highest level in decades

Posted by RJ and Makay on Sep 14, 2011

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The nation’s poverty rate increased to 15.1% of the population in 2010, up from 14.3% in 2009 and 12.5% in 2007, according to the latest Census Bureau report released Tuesday.  46.2 million people now live below the poverty line as represented by an annual income of $22,314 for a family of four.  On a percentage basis, the current numbers tied the 1993 level and are the highest since 1983.