By Bhaskar Prasad | September 14, 2011 7:52 AM EDT
The number of people living in poverty last year has increased to 46.2 million as per a report by the U.S. government which is the highest in the last 50 years.
The annual income and poverty figure, released by the U.S. Census Bureau on Tuesday, indicates the impact of the recession on the nation.
It has been reported that one million more Americans went without health insurance. The bleakness of the economic situation of the nation has been revealed as household incomes have fallen sharply.
This alarming rate of poverty may make one wonder - like writer Arianna Huffington - if the U.S. is on the road to be a third world country.
The incapacity of the nation for creating jobs can be the major cause for the prolonging distress. In 2009, the total number of Americans who fell below the official poverty line was 43.6 million. Out of the 2.6 million added to the list, more than 60 percent have mentioned that they did not work even one week last year.
The percentage of Americans who are devoid of health coverage rose from 16.1 percent to 16.3 percent. The rise was owing to sustained losses of health insurance provided by the employer in the weakened economy.
The number of people living in poverty last year has increased to 46.2 million as per a report by the U.S. government which is the highest in the last 50 years.
The annual income and poverty figure, released by the U.S. Census Bureau on Tuesday, indicates the impact of the recession on the nation.
It has been reported that one million more Americans went without health insurance. The bleakness of the economic situation of the nation has been revealed as household incomes have fallen sharply.
This alarming rate of poverty may make one wonder - like writer Arianna Huffington - if the U.S. is on the road to be a third world country.
The incapacity of the nation for creating jobs can be the major cause for the prolonging distress. In 2009, the total number of Americans who fell below the official poverty line was 43.6 million. Out of the 2.6 million added to the list, more than 60 percent have mentioned that they did not work even one week last year.
The percentage of Americans who are devoid of health coverage rose from 16.1 percent to 16.3 percent. The rise was owing to sustained losses of health insurance provided by the employer in the weakened economy.














































