Census Bureau Reports 1 of 6 Americans Live in Poverty

The latest U.S. census report indicates that 1 in 6 Americans live in poverty. Check out these shocking statistics:

An additional 2.6 million Americans slipped into poverty, bringing the official total to 46.2 million living below the poverty line. This is the highest number ever recorded in the Census Departments 52 year history.

Median household income levels fell to their lowest level since 1997. Lawrence Katz, an economics professor at Harvard University, indicated that this would be the first time that the median household income level has dropped; than 13 earlier, and noted that “this is truly a lost decade.”

The census indicated that 15.1% of the population lived below the poverty line in 2010, and 2011 looks to increase that figure.

At the current levels, the Brooking Institution estimates that by the middle of this decade, ten million more Americans will be living in poverty.

Last year, close to 50 million Americans between the ages of 18-46 did not even work one week,

These are grim and depressing statistics that are the result of our countries failed economic policies of the last ten years. I would especially like to commend the Bush administration for allowing tax breaks for our manufacturers to go over seas to produce their products and starting a war that has bankrupted the country. We have seen how the governments in the Middle East and Africa have overthrown their governments because of rabid corruption and poverty. Are we far off?

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