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If you live in the United States, there is a good chance that you are now living in poverty or near poverty. Nearly 50 million Americans, (49.7 Million), are living below the poverty line, with 80% of the entire U.S. population living near poverty or below it.
That near poverty statistic is perhaps more startling than the 50 million Americans below the poverty line, because it translates to a full 80% of the population struggling with joblessness, near-poverty or reliance on government assistance to help make ends meet.
In September, the Associated Press pointed to survey data that told of an increasingly widening gap between rich and poor, as well as the loss of good-paying manufacturing jobs that used to provide opportunities for the “Working Class” to explain an increasing trend towards poverty in the U.S.
But the numbers of those below the poverty line does not merely reflect the number of jobless Americans. Instead, according to a revised census measure released Wednesday, the number – 3 million higher than what the official government numbers imagine – are also due to out-of-pocket medical costs and work-related expenses.
The new measure is generally “considered more reliable by social scientists because it factors in living expenses as well as the effects of government aid, such as food stamps and tax credits,” according to Hope Yen reporting for the Associated Press.
Half of Americans who work full time put in more than 40 hours, with nearly one in five putting in more than 60.