14 July 2010

Americans are getting poorer, and it's going to get worse

Tony Pugh | McClatchy Newspapers

last updated: June 18, 2010 06:25:56 PM

WASHINGTON — The early impact of the worst recession since the 1930s pushed median incomes down, forced millions more people into poverty and left more Americans without health care in 2008, according to new annual survey data from the U.S. Census Bureau.

Poor people, working people, blacks, Hispanics and children bore a disproportionate share of the hardship. The new figures, however, likely understate the severity of the economic downturn because a large portion of nation's job losses and unemployment rate increases occurred after the Census survey data was collected in March as part of the annual Current Population Survey.

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