Recovery hasn't put a dent in poverty
Wednesday, November 06, 2013 4:22 PM
The economic recovery hasn't done all that much for the poor. But federal programs aimed at helping the poor are keeping some Americans out of poverty, according to a special "supplemental poverty measure" released today by the U.S. Census Bureau, CNNMoney reported. The poverty rate hasn't budged over the past two years, as nearly 50 million Americans, or 16 percent of the population, lived in poverty in 2012, according to the special report. The special supplemental poverty measure suggests that more people are living in poverty than reported by what's considered the "official" poverty rate, released in September.