Fifty Million Americans in Poverty

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By Douglas A. McIntyre Published

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Based on the data the Census Bureau’s just released report, “The Research Supplemental Poverty Measure: 2011,” the poverty level in the United States is slightly worse than previously posted, with 50 million Americans below the poverty line.

According to the report, the supplemental poverty measure rate was 16.1 percent last year, which was higher than the official measure of 15.0 percent.

That translates to 50 million people.

The report noted some change in state poverty rates, but they were too small to take away the continued immense levels in places like Mississippi, Arkansas, Louisiana and New Mexico. In Mississippi the level is 21.1%.

Almost all the visible debate about tax rates and government spending, as the U.S. approaches the fiscal cliff, involves what middle-class citizens should pay and whether people who make more than $250,000 a year should pay more. Additionally, arguments about spending center on Social Security, Medicare and defense. Lost among these discussions is how it can be possible that 50 million Americans live below the poverty line, and the cost it might take to move their incomes to a level at which they can make their own way, or even eat properly and have decent places to live.

One of the most salient aspects about poverty is that it is not so much a national problem as a local one. Poverty tends to be clustered in a modest number of states where people are poorly educated, and there are communities of minorities who have always tended to be poor — African Americans, Hispanics and Native Americans. When poverty is looked at on a national level, the trouble seems insurmountable. On a local level, it is certainly less so.

“The Research Supplemental Poverty Measure: 2011” will make it into the news for one day, or even two. But it will not be on most front pages. Rather, the fiscal cliff will occupy economic headlines, and the bad habits of four-star generals will take up the rest. One of the most important social and human problems will be buried again quickly.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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