Economy

Census: Half Of Americans Are Either Poor Or Low-Income

A record number of Americans, nearly 50 percent, are either in poverty or considered low-income, according to Census data released this week. The data show a shrinking middle class beset by years of stagnant wages, high unemployment, rising health care and living costs, and a fraying government social safety net. “The reality is that prospects for the poor and the near poor are dismal,” Sheldon Danziger, a public policy professor at the University of Michigan, told the AP. “If Congress and the states make further cuts, we can expect the number of poor and low-income families to rise for the next several years.”

Tags