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Tue Jan 15, 2013, 04:23 AM

 

Number of working poor families grows as wealth gap widens

OccupyPhoenix ‏@occupyphoenix

The working poor get poorer! @Reuters: Number of working poor families grows as wealth gap widens http://reut.rs/13xEqor

http://www.reuters.com/article/2013/01/15/us-usa-economy-workingpoor-idUSBRE90E05520130115

More working parents have taken jobs as cashiers, maids, waiters and other low-wage jobs in fast growing sectors that offer fewer hours and benefits, according to The Working Poor Project, a privately funded effort aimed at improving economic security for low-income families.

The result is 200,000 more such working families - the so-called "working poor" - emerged in 2011 than in 2010, according to the report, based on analysis of the most recent U.S. Census Bureau data.

About 10.4 million such families - or 47.5 million Americans - now live near poverty, defined as earning less than 200 percent of the official poverty rate, which is $22,811 for a family of four.

Overall, nearly one-third of working families now struggle, up from 31 percent in 2010 and 28 percent in 2007, when the recession began, according to the analysis.

(More at the link.)

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