-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 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.
Copyrighted Image? DMCA