US poverty rate hits 15.1 percent, highest since 1993 | Inquirer Business

US poverty rate hits 15.1 percent, highest since 1993

/ 11:10 PM September 13, 2011

WASHINGTON—The US poverty rate rose in 2010 to 15.1 percent, the highest rate since 1993, the Census Bureau reported Tuesday.

The report showed a sharp increase in poverty from 14.3 percent in 2009, and a fourth consecutive rise in the number of people below the poverty threshold, to 46.2 million.

The US definition of poverty is an annual income of $22,314 for a family of four, and $11,139 for a single person.

The survey showed struggles for the rest of Americans, with median household income falling 2.3 percent to $49,445.

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TAGS: economy, Poverty, society, US

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