The Census Bureau reported some news today that should give pause to those who claim we are in a strong economy.
The poverty rate continues to climb. In 2001 it was 11.7%, in 2004 12.7%. That translates to 37,000,000 people living in poverty in this rich country. In New York City 20.3% of the population live in poverty.
The number without medical insurance rose from 45 million to 45.8 million in 2004.
The median household income was unchanged between 2003 and 2004 - $44,389.
Are we better off now than four years ago?
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