This Is Money
Thursday, September 16, 2010
With 45mn Americans officially designated as poor, the US census figures reflect the worst decline in living standards for more than half a century.
Child poverty also increased last year to more than one in five. That compares to one in three children in developing African nations.
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The grim statistics are another serious blow to President Barack Obama and his Democrat Party and will be a key issue in the looming mid-term elections.
The American government sets the poverty line at Â£14,000 a year for a family of four.
This article was posted: Thursday, September 16, 2010 at 11:59 am