Poverty in U.S. may be millions higher
WASHINGTON- Poverty in America is millions higher than previously known, with one in six Americans -many 65 and older- struggling in the economy due to increasing medical care and other costs.
Preliminary census figures released today show that government aid programs such as tax credits and food stamps kept many people out of poverty, helping to make sure the poverty rate did not increase during the recession two years ago.
Under a new revised census formula, overall poverty in 2009 stood at 47.8 million people. That's compared to the official 2009 rate of 43.6 million people.