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Revised govt formula shows new poverty high: 49.1M

By Hope Yen

Associated Press

LAST UPDATED: 04:13 a.m. HST, Nov 07, 2011

WASHINGTON >> New census estimates show the number of Americans living in poverty is higher than previously known — reaching a new level of 49.1 million, or 16 percent.

The numbers released Monday are a new supplemental poverty measure aimed at providing a fuller picture of poverty of America. They are higher than the official 2010 poverty rate of 15.1 percent, or a record 46.2 million, that was reported in September.

Much of the increase in the new measure comes from rising everyday costs, such as out-of-pocket medical expenses, that aren't factored into the official rate. Americans 65 or older had the biggest poverty jump — 15.9 percent, versus 9 percent under the official formula.

For Hispanics, poverty rose to 28.2 percent, surpassing that of blacks for the first time.

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thos wrote:
If one enjoys wallowing in poverty, that person should vote to re elect the current occupant of the White House. Once he is freed of the inconvenient burden of being re elected, then he can really go to town in achieving his long term objective: the destruction of the country he most despises, America.
on November 7,2011 | 07:54AM
drgrfs1 wrote:
Get a grip on reality.
on November 7,2011 | 08:32AM
entrkn wrote:
on November 7,2011 | 09:02AM
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