Poor in US at record-high 46.2M
Associated Press
WASHINGTON
The ranks of the nation’s poor have swelled to a record 46.2 million — nearly 1 in 6 Americans — as the prolonged pain of the recession leaves millions still struggling and out of work. And the number without health insurance has reached 49.9 million, the most in more than two decades.
The figures are in a Census Bureau report, released Tuesday, that offers a somber snapshot of the economic well-being of U.S. households for last year when joblessness hovered above 9 percent for a second year. The rate still is 9.1 percent at the start of an election year that’s sure to focus on the economy.
The overall poverty rate climbed to 15.1 percent, from 14.3 percent the previous year, and the rate from 2007-10 rose faster than for any similar period since the early 1980s when a crippling energy crisis amid government cutbacks contributed to inflation, spiraling interest rates and unemployment. For last year, the official poverty level was an annual income of $22,314 for a family of four.
Measured by total numbers, the 46 million now living in poverty are the most on record dating back to when the census began to track in 1959. The 15.1 percent tied the level of 1993 and was the highest since 1983.
The share of Americans without health coverage rose from 16.1 percent to 16.3 percent — or 49.9 million people — according to Census Bureau revisions. The increase was due mostly to continued losses of employer-provided health insurance.
Congress passed a health overhaul last year to address rising numbers of the uninsured. Though the main provisions don’t take effect until 2014, one aspect taking effect in late 2010 allows young adults to be covered under their parents’ health insurance until age 26.