Six Million Californians Living In Poverty
U.S. Poverty Rate Spikes As Incomes Stagnate
The U.S. poverty rate has reached its highest level since 1993 as the rise in the cost of consumer goods combines with a stagnating median income level, the U.S. Census Bureau reported Tuesday.
Perhaps, one piece of good news from the latest Census Bureau figures was that the number of people without health insurance has not increased since last year. And many more college-aged Americans have health insurance because of provision in the new health care law that always them to remain on their parents' plans.
California Sees 6.1 Million In Poverty, 2 Million Unemployed
About one in six Californians and one in four California children are living in poverty, the highest proportions in almost two decades, according to an analysis by the California Budget Project.
The state also witnessed a statistically significant drop in the past year in the number of residents who received health insurance through their employer, which perhaps was one of the causes of a statistically significant increase of about 3.5 percent in the number of Californians lacking health coverage.
In California, the median household income took its largest dip since the recession.
In 2010, the federal poverty line was about $22,100 for a family of four with two children.