Recession Drives Poverty Rates Higher
Logic would indicate that the recession, which according to economists began in December 2007, would drive up the poverty rate. And now a report issued by the Census Bureau has confirmed the fact. The recession has had an effect in other areas as well; a decline in the number of people with private or employer-provided health insurance, and stagnation in middle-class incomes. To access a NY Times article on the subject, visit http://www.nytimes.com/2009/09/11/us/11poverty.html?_r=1&th=&adxnnl=1&emc=th&adxnnlx=1252695640-eLIoq17nWgz459pZ5g0JkA