US Poverty on Track to Rise To Highest Level in 50 Years
The ranks of America’s poor are on track to climb to levels unseen in nearly half a century. That means gains from the war on poverty in the 1960s are being erased amid a weak economy and fraying government safety net.
The Associated Press surveyed more than a dozen economists, think tanks and academics, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent.
Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, and suburbs are seeing increases in poverty.
Copyright 2012 The Associated Press.