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U.S. Poverty: Census Finds 46.2 Million Impoverished As Median Income Drops


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U.S. Poverty: Census Finds 46.2 Million Impoverished As Median Income Drops

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Victory Trader's Avatar
 Victory Trader 
LA, California, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
Posts: 520 since Sep 2011

The share of Americans living in poverty last year held steady after three years of hefty increases, according to government data released on Wednesday that could ease pressure on President Barack Obama as he seeks reelection in November.

The Census Bureau said the 2011 poverty rate was 15 percent, statistically unchanged from 15.1 percent in 2010. About 46.2 million Americans were living in poverty, little changed from the prior year.

U.S. Poverty: Census Finds 46.2 Million Impoverished As Median Income Drops

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Forgive me, but who has been President for the last 4 years? I do believe that is President Barak Obama, and he's been able to do absolutely nothing to reduce the poverty level in this country under his watch, with 46 million Americans living in poverty?

And no matter how you slice it, dice it, bag it or tag it, these numbers cannot possibly be spun as a "positive" in this campaign.

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Last Updated on September 12, 2012


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