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Tuesday, December 21, 2010

"Almost a third of America's working families are now considered low-income"

Employed But Struggling: Report Finds 1 in 3 Working Families Near Poverty

In the aftermath of the worst economic downturn since the Depression, much attention has been focused on the 15 million people who are officially out of work, yet even among those who have jobs, livelihoods and living standards have been substantially downgraded. Growing numbers of employed people live in near poverty, struggling to make ends meet.

Almost a third of America's working families are now considered low-income, earning less than twice the official poverty threshold, according to a report released Tuesday by the Working Poor Families Project. The recession, which has incited layoffs and wage cuts, reversed a period of improvement: Between 2007 and 2009, as the recession set in, the percentage of U.S. working families classified as low-income grew from 28 percent to more than 30 percent.

Link:
http://www.huffingtonpost.com/2010/12/21/low-income-families_n_799295.html

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