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Mon July 23, 2012
U.S. poverty could soon top 1965 rate
The Associated Press is reporting that when census numbers come out this fall, poverty in America will be at its highest rate in close to 50 years. In 2010 the census found 15.1 percent of people in America were living below the poverty line-that's about 1 in 7 people.
When the 2011 numbers come out, the AP says that several interviews with leading economists and demographers lead it to believe that the poverty rate will be more than 15.1 percent, perhaps as much as 15.7 percent.
Child poverty is also likely to go up. It was 22 percent in 2010.