US Income Gap Widens as Poor Take Hit in Recession


	US Income Gap Widens as Poor Take Hit in Recession

chestnut501

9-29-2009 3:01 PM

330 views

chestnut501 says:

Census data show a widening income gap in US as poor people take bigger hit in recession

3 Comments |

Add a Comment

9-30-2009 1:43 AM

swampfoxz

How ya been sweetheart?

9-30-2009 4:34 AM

chestnut501

Pretty good swampfox, how about you?

9-30-2009 5:14 PM

swampfoxz

Can't complain.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0c4ed108-e1ce-49f3-80ea-2c67edffd945/D5085C57-370D-47FE-8D4D-D95B35551B62/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0" href="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0">The recession has hit middle-income and poor families hardest, widening the 
economic gap between the richest and poorest Americans </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0">The wealthiest 10 percent of Americans -- those making more than $138,000 each 
year -- earned 11.4 times the roughly $12,000 made by those living near or below 
the poverty line in 2008</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0"><P>Poverty jumped sharply to 13.2 percent, an 11-year high.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0"><P>Among other findings:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0">--Income at the top 5 percent of households -- those making $180,000 or more -- 
was 3.58 times the median income</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0">--Use of food stamps jumped 13 percent last year</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0">--Pharr, Texas, and Flint, Mich., each had more than a third of its residents on 
food stamps</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/news/US-income-gap-widens-as-poor-apf-388403228.html?x=0"><P>It's unclear whether income inequality will continue to worsen in major cities, said William H. Frey, a demographer at the Brookings Institution. Many Americans are staying put for now in traditional cities to look for jobs and because of frozen lines of credit.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D5085C57-370D-47FE-8D4D-D95B35551B62/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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