Home > Decline of the USA, upward income redistribution > Two charts from the Wall Street Journal

Two charts from the Wall Street Journal

from David Ruccio

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As the Wall Street Journal explains,

Forty-four percent of America’s poor are considered to be in “deep poverty”—defined as an income 50% or more below the government’s official poverty line. That percentage of Americans in deep poverty is up from 42% before the recession and near the highest level since data became available in 1975, according to the Census Bureau’s Current Population Survey.

Last year, 6.6% of Americans, or 20.4 million people, were classified as in deep poverty, up from 4.5% in 2000, when the economy was strong. The share of Americans in deep poverty has climbed over the past four decades, nearly doubling from 3.7% in 1975.

Overall, about 15% of Americans fall below the poverty line, defined as an income of $23,492 for a family of four.

  1. Podargus
    October 13, 2013 at 10:36 am

    Pitchfork time is long overdue.

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