Sunday, July 22, 2012

ECONOMISTS: U.S. POVERTY ON TRACK TO HIT HIGHEST LEVEL SINCE 1960S

According to economists and other experts surveyed by the Associated Press, the U.S. poverty rate is on track to hit its highest level since the 1960s. The consensus among those surveyed is that “the official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent.” Just a 0.1 percent increase would put the poverty rate at its highest since 1965.

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