The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bureau said Thursday in its annual report on the economic well-being of U.S.
. The report covers 2009, President Barack Obama‘s first year in office.
The poverty rate increased from 13.2 percent, or 39.8 million people, in 2008.
The share of Americans without health coverage rose from 15.4 percent to 16.7 percent — or 50.7 million people — mostly because of the loss of employer-provided health insurance during the recession. Congress passed a health overhaul this year to address the rising numbers of uninsured people, but its main provisions will not take effect until 2014.
The new figures come at a politically sensitive time, just weeks before the Nov. 2 congressional elections, when voters restive about high unemployment and the slow pace of economic improvement will decide whether to keep Democrats in power in the House and Senate or turn to Republicans.
The 14.3 percent poverty rate, which covers all ages, was the highest since 1994. It was lower than predicted by many demographers who were bracing for a record gain based on last year’s skyrocketing unemployment. Many had expected a range of 14.7 percent to 15 percent. (Source: Fox News)
Paging Congressman Kagen, paging Congressman Kagen. Wasn’t all that spending you supported the last 18 months supposed IMPROVE the economic situation facing the country? Looks like these numbers show the policies you support are wrong for the country.
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- Census: 1 in 7 Americans Live in Poverty (abcnews.go.com)
- Steve Kagen, Killing The American Dream (berrylaker.blogspot.com)