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Books > Social sciences > Sociology, social studies > Social issues > Unemployment
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Poverty in the U.S. & the Supplemental Poverty Measure (Hardcover)
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Poverty in the U.S. & the Supplemental Poverty Measure (Hardcover)
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In 2011, the U.S. poverty rate was 15.0% -- 46.2 million persons
were estimated as having income below the official poverty line.
Neither the poverty rate nor the number of persons counted as poor
differed statistically from a year earlier. Since 2006, when the
poverty rate stood at 12.3%, marking its most recent low, the
number of poor has grown by 9.7 million persons. The 46.2 million
persons counted as poor in both 2011 and 2010 are the largest
numbers counted in the measure's recorded history, which goes back
as far as 1959. The 2011 poverty rate of 15.0%, statistically tied
with the 2010 rate, is the highest seen in the past 18 years
(1993). The increase in poverty since 2006 reflects the effects of
the economic recession that began in December 2007. The level of
poverty tends to follow the economic cycle quite closely, tending
to rise when the economy is faltering and fall when the economy is
in sustained growth. This most recent recession, which officially
ended in June 2009, was the longest recorded (18 months) in the
post-World War II period. Even as the economy recovers, poverty is
expected to remain high, as poverty rates generally do not begin to
fall until economic expansion is well underway. Given the depth and
duration of the recession, and the projected slow recovery, it will
likely take several years or more before poverty rates recede to
their 2006 pre-recession level. This book examines poverty in the
U.S. and the Supplemental Poverty Measure (SPM).
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