From the Associated Press:
"It was the sixth straight year that the poverty rate had failed to improve, hurt by persistently high levels of unemployment after the housing bust."Here's the long-term view of America's poverty problem, in chart form:
Many additional measures of poverty and inequality were largely unchanged last year. Here's more from the U.S. Census Bureau:
- Income: "Median household income in the United States in 2012 was $51,017, not statistically different in real terms from the 2011 median of $51,100. This followed two consecutive annual declines."
As the Wall Street Journal's David Wessel points out, that's significantly lower than it was in the late 1990s, once adjusted for rising prices:
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