Friday, November 03, 2006

And The Poor Get Poorer.

 Link, link, link, click it.

1 in 4 U.S. jobs pay less than a poverty-level income.

During the 1980s, 13% of Americans age 40 to 50 spent at least one year below the poverty line; by the 1990s, 36% did.

Since 2000, the number of Americans living below the poverty line at any one time has steadily risen. Now 13% of all Americans—37 million—are officially poor.

Among households worth less than $13,500, their average net worth in 2001 was $0. By 2004, it was down to –$1,400.

Source: Poor Losers

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