Poverty Rate Rises for second consecutive Year in U.S.

Poverty Rate Rises for second consecutive Year in U.S.. Fresh on the heals of Bush’s dismal showing in the latest polls, comes word that the number of Americans living at or under the Poverty Line has risen “markedly” for the second straight year, due to plummeting pay rates, and a dismal job outlook. According to the Census Bureau the country’s median income fell $500 in 2002.

CNN reports:

The Census Bureau Reported that 34.6 million people, or 12.1 percent of the population, were living in poverty, up from 32.9 million people or 11.7 percent in 2001, when the economy went into recession after a decade of growth. The median household income, when adjusted for inflation, fell 1.1 percent to $42,409, according to the bureau, which released two comprehensive annual reports looking at poverty and income in America.

Yes, those tax breaks for the rich are really helping the economy, see how many jobs they are creating: trickle, trickle, trickle  [Third Party WatchBlog]

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