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Poverty Data Indicate No Real Income Growth Since 1970s

Jobs

First Posted: 09/15/11 07:32 PM ET Updated: 11/15/11 05:12 AM ET

The New Yorker:

The latest poverty and income figures came out this week, and boy are they disturbing. It’s not so much the headline figures, which have been well covered in the Times and elsewhere: 46 million Americans living under the poverty line in 2010, the highest number since the Commerce Department started collecting the figures back in 1959. That’s a horrible statistic. (Amy Davidson responded on Tuesday.) But it’s not too surprising since we’ve been through the deepest recession since the nineteen-thirties, and getting thrown out of work is a primary cause of poverty. (Plus, the population grows every year. If the proportion of people in poverty stays the same, you’d expect the absolute numbers to grow over time.)

Read the whole story: The New Yorker

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Filed by Jillian Berman  |