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Census Reveals 45m Americans Living in Poverty
Posted By admin On September 16, 2010 @ 11:59 am In Money Watch | Comments Disabled
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 £14,000 a year for a family of four.
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