Nearly Half of Americans Are Now Classified as Low Income or Below the Poverty Line
Nearly Half of Americans Are Now Classified as Low Income or Below the Poverty Line
By Associated Press / washingtonpost.com
Dec 17, 2011

Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.

The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and families.

Safety net programs such as food stamps and tax credits kept poverty from rising even higher in 2010, but for many low-income families with work-related and medical expenses, they are considered too ‘rich’ to qualify,” said Sheldon Danziger, a University of Michigan public policy professor who specializes in poverty.

“The reality is that prospects for the poor and the near poor are dismal,” he said. “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.”

Congressional Republicans and Democrats are sparring over legislation that would renew a Social Security payroll tax cut, part of a year-end political showdown over economic priorities that could also trim unemployment benefits, freeze federal pay and reduce entitlement spending.

0.0 ·
0
Trending Today
Behind the Media Surge Against Bernie Sanders
Norman Solomon22,323 views today ·
Paramedic's Response to "Burger Flippers" Making an Equal $15/Hour is Beautiful
Craig Carilli10,771 views today ·
Trevor Noah on Philando Castil and Being Black in America
5 min3,578 views today ·
This Zen Comic Is Full of Timeless Life Lessons
Gavin Aung Than2,743 views today ·
Intra-White Class Violence: The Invisible Race Problem That's Killing Black Americans
Thandeka2,618 views today ·
Home - A Short Film That Will Leave You Reeling
17 min2,316 views today ·
If You Haven't Seen the New Moby and Steve Cutts Music Video, Watch It Now
3 min2,304 views today ·
This Facebook Comment About the UK Election Is Going Viral
Chris Renwick2,035 views today ·
The White Man in That Photo
Riccardo Gazzaniga2,006 views today ·
Load More
What's Next
Park Avenue: Money, Power And The American Dream (2012)
59 min
PBS FRONTLINE:  Is Wal-Mart Good For America (2005)
56 min
Sex, Lies, & Cigarettes (2012)
48 min
Like us on Facebook?
Nearly Half of Americans Are Now Classified as Low Income or Below the Poverty Line