Given the state of the economy and the decline of the stock market, it should not be surprising that incomes in the U.S. are declining and the poverty rate is rising. Findings released by the Commerce Department’s Census Bureau highlight the growing number of individuals and families that are struggling to make ends meet. On September 24, the Census Bureau released a report indicating that between 2000 and 2001:
median household income fell 2.2 percent, and;
the poverty rate rose from 11.3 percent to 11.7 percent (This represents an increase of 1.3 million poor people.)
For more information visit the U.S. Census Bureau Web site.