Tuesday, January 6, 2009

poor math

Not surprisingly in the midst of a long recession, poverty appears to be on the rise.  In 2007, 37.3 million Americans, or one in eight, lived below the poverty line and nearly 18 percent of American children were poor.  Since then, conditions have only deteriorated.  Demand for food
stamps has jumped 17 percent in the last year, food banks report a 30 percent rise in requests for emergency food assistance, and most states have seen their medicaid rolls swell.  (The Kaiser Family Foundation estimates that each 1 percent gain in the unemployment rate adds approximately 1 million people to the Medicaid and State Children's Health Insurance Program rolls.)


This article is showing how the U.S. is in a small recession and if we do not get out of it the poverty level will sky rocket. This will worry they U.S. about their homes and jobs.


http://tbm.thebigmoney.com/articles/judgments/2008/12/31/poor-math

1 comment:

  1. The poverty rate is getting worse because of how bad the economy is. People are losing their jobs more frequently which is causing them to lose money.

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