Wednesday, January 16, 2013

Salon - Poverty Increasingly Means The Employed

Salon - Poverty Increasingly Means The Employed


There are 10.4 million American households that qualify as working poor, according to an economic analysis reported in Reuters. This amounts to more than 47 million Americans living in “near poverty,” defined as earning less than twice the official poverty rate, $22,811 for a family of four.


The recession officially ended in 2009 and unemployment levels have slowly receded, but income inequality continues to grow as more workers taking low-wage service jobs, many of them without benefits. The report, put out by the Working Poor Project, found that ”nearly one-third of working families now struggle, up from 31 percent in 2010 and 28 percent in 2007, when the recession began.”

Full Article on Salon.com

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