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By Timothy Newkirk (about the author) Page 1 of 1 page(s)
For OpEdNews: Timothy F. Newkirk - Writer
-In 2003, 2004, and 2005, the percentage of the poor living in deep poverty stood at 42-43 percent, higher than in any prior years on record.
-The percentage of the poor who are below half the poverty line has risen steadily over the last two and half decades: from 34 percent in 1980 to 39 percent in 1990 to 43 percent this year.
-The actual percent of the population who lived in deep poverty in 2005 rose to 5.4 percent!
-The poverty rate is higher in the fourth year of an economic recovery (2005) at 12.6 percent, than it was in the previous height of recession (2001), when it stood at 11.7 percent.
-The median income for non-elderly households was $2,000 lower in 2005 than in the 2001 recession year.
These developments in a so-called 'economic recovery' are unprecedented in economic recoveries (with data going back to the 1960s). They are bad news for the poor, indeed.
It is the shame of the republic!
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