TEXT SIZE: A | A | A          

May 20, 2013 -- Updated November 16, 2012 04:04 HKT

50 Million Americans live in Poverty


paul@livetradingnews.com
Posted on: Nov 16th, 2012

50 Million Americans live in Poverty

Based on the data from the just released US Census Bureau report, “The Research Supplemental Poverty Measure: 2011,” the poverty level in the United States is slightly worse than previously posted, with 50-M Americans below the poverty line.

According to the report, the supplemental poverty measure rate was 16.1% last year, which was higher than the official measure of 15.0%.

That translates to 50-M people.

The report noted some change in state poverty rates, but they were too small to take away the continued immense levels in places like Mississippi, Arkansas, Louisiana and New Mexico. In Mississippi the level is 21.1%.

30 Days FREE of the most advanced research platform ever Thomson Reuters Eikon

Almost all the visible debate about tax rates and government spending, as the US approaches the Fiscal Cliff, involves what middle-class citizens should pay and whether people who make more than $250,000 a year should pay more.

Arguments about spending center on Social Security, Medicare and defense. Lost among these discussions is how it can be possible that 50-M Americans live below the poverty line, and the cost it might take to move their incomes to a level at which they can make their own way, or even eat properly and have decent places to live.

One of the salient aspects about poverty is that it is not so much a national problem as a local one.

Poverty tends to be clustered in a modest number of states where people are poorly educated, and there are communities of minorities who have always tended to be poor African Americans, Hispanics and Native Americans.

When poverty is looked at on a national level, the trouble seems insurmountable. On a local level, it is less so.

“The Research Supplemental Poverty Measure: 2011? will not be on most front pages, as the Fiscal Cliff will occupy economic headlines, and the bad habits of 4-Star Generals will take up the rest, and perhaps one of the most important social and human problems will be buried.

More News











 

image1

 


 

Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

Enter your email address:

Delivered by FeedBurner



 

Read the Terms of Service


 

Posted by on Nov 16th, 2012and filed underLatest News, USA.You can follow any responses to this entry through theRSS 2.0You can skip to the end and leave a response. Pinging is currently not allowed.
RESEARCH 1 of 6
USD/ZAR South African Rand Outlook

USD/ZAR South African Rand Outlook

Shayne Heffernan takes a look at the USD/ZAR

USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current …

Commentary

Sponsored Ads

Advertise with us


Investor Services

Best Hedge Funds 2013
Best Hedge Funds 2013

Best Hedge Funds 2013

Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …

Sponsored Ads

Offshore

Advertise with us

UAE Economy Seeing a Spring Boom

UAE Economy Seeing a Spring Boom

UAE Economy Seeing a Spring Boom

HBC

Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …

Singapore Stock Exchange Preview

Singapore Stock Exchange Preview

Singapore Stock Exchange Preview

Shayne Heffernan takes a look at the trading week ahead in Singapore

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

An engulfing bearish line occurred (where …

The Hot List

Hot Stocks EVSV, MJNA
Hot Stocks EVSV, MJNA

Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)

Enviro-Serv Inc (OTCMKTS:EVSV)

EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …

Sponsored Ads

Advertise with us

shoutbox

How are you investing and why?


140 characters left  

Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!

Tue, 04/30/13 | 0 Comment

738         

74   

Guest: gsat get it now. if u snooze u lose

Fri, 04/19/13 | 0 Comment

1152         

113   

Sponsored Ads

Advertise with us


Subscribe to Live Trading News

NEW YORK           LONDON           BARCELONA           TOKYO           SYDNEY

back to topBack to top
    Add to RSS
    Find us on Facebook
    Follow us on Twitter
    Watch on Youtube
    Stay updated on LinkedIn