Tuesday, December 21, 2010

Great Recession Hit Hard at America's Working Poor: Nearly 1 in 3 Working Families in United States are Low-Income

The Great Recession hit hard at America's working poor, increasing the number of low-income working families by 246,000 in 2009 to more than 10 million and broadening the income gap between them and the nation's wealthiest working families. This new policy brief from the Working Poor Families Project analyzes the latest U.S. Census bureau data to show that between 2007 and 2009 the share of working families that are low-income – those earning less than 200 percent of the official poverty threshold -- jumped from 28 percent to 30 percent.

Source: www.workingpoorfamilies.org

JG: U.S. Capitalism = The rich get richer and the poor get poorer.

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