Thursday, January 6, 2011

MAY BE MILLIONS MORE POOR THAN THOUGHT

The number of poor people in the U.S. is millions higher than previously known, with 1 in 6 Americans — many of them 65 and older — struggling in poverty due to rising medical care and other costs, according to preliminary census figures released Wednesday.
Across all demographic groups, Americans 65 and older sustained the largest increases in poverty under the revised formula — nearly doubling to 16.1 percent. As a whole, working-age adults 18-64 also saw increases in poverty, as well as whites and Hispanics.
Children, blacks and unmarried couples were less likely to be considered poor under the new measure.

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