Wall street may be celebrating with it's latest surge of growth due to the bailouts reflected from Greece and the Euro-growths, and that of latest consumer spending, but the other side has revealed that poverty has also submerged with a new address. In a report generated from the Fiscal Times stated that there are now 2.7 million more poor households in the suburbs than in cities from a report from the Bureau of Labor Statistics. This the report said was due to the trends accelerated in the current economic downturn. The report stated that the past decade has marked the most significant rise in poverty in modern times relating that one in every sixth person in the U.S. is poor. Census data has concurred that surge of povery has taken it toll in suburbia USA. From 2000 to 2010, the number of surburan households below the poverty line increased by 53% compared with 23% in poor households in urban areas according to a Brookings Institute analysis of the census report data. Families in suburian areas are experiencing poverty levels at growing rates despite the improvement in the economic status and crawling growth rates of employment. The report concluded that both America's urban and suburian areas were effected by the financial meltdown and recession and that widespread poverty was also included in both households creating a new poverty yet to be totally resolved.
"We may eat a little less richer, but we manage don't we?"
Posted By: MIISRAEL Bride
Wednesday, February 22nd 2012 at 12:04PM
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