Based on the latest available US census data from 2005, the McClatchy Newspapers analysis found that almost 16 million Americans live in "deep or severe poverty" defined as a family of four with two children earning less than 9,903 dollars -- one half the federal poverty line figure.How on earth do these people get by? Less than ten thousand dollars a year for four people?! How is that possible?
For individuals the "deep poverty" threshold was an income under 5,080 dollars a year.
"The McClatchy analysis found that the number of severely poor Americans grew by 26 percent from 2000 to 2005," the US newspaper chain reported.
Meanwhile, the richer get richer, and richer, and richer, thanks to Bush's economic policies:
The surge in poverty comes alongside an unusual economic expansion.Thanks, Mr. President. You're doing a heck of a job... for your rich friends at least.
"Worker productivity has increased dramatically since the brief recession of 2001, but wages and job growth have lagged behind. At the same time, the share of national income going to corporate profits has dwarfed the amount going to wages and salaries," the study found.
"That helps explain why the median household income for working-age families, adjusted for inflation, has fallen for five straight years.
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