Skip to main content
Black Listed News

Poverty: 50 Million Americans Struggling to Survive

Published: November 15, 2012
Share | Print This


Source: Cryptogon

The United States is projected to spend an estimated US$323 billion for development and procurement on the F-35 program, making it the most expensive defense program ever. The total lifecycle cost for the entire American fleet is estimated to be US$1.51 trillion over its 50-year life, or $618 million per plane.

Wikipedia, Lockheed Martin F-35 Lightning II

Via: CBS:

As President Barack Obama is set to begin his second term, new statistics on America’s poverty rate indicate that nearly 50 million Americans, more than 16 percent of the population, are struggling to survive.

New figures released by the Census Bureau this week found a spike in poverty numbers last year, going from 49 million in 2010 to 49.7 million last year. The numbers may come as a surprise to Congress, which estimated in September that the poverty rate would drop to 46.2 million. One of the most startling findings showed that almost 20 percent of American children continue to live in poverty.

The Associated Press reports that the new figures are based on an updated formula devised by the Census Bureau to help give the government a better understanding for how to use safety-net programs.

The numbers found that Hispanics and people living in urban areas had a higher chance of struggling to make it financially. Poverty among full-time and part-time workers also saw a jump from its 2010 numbers.

Based on the formula implemented by the Census Bureau, California tops the list as the sate most likely to bring about poverty.

Share This Article...


Subscribe To Updates
Blacklisted Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
The DoomCast
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Stitcher
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Shop Amazon
Golden Eagle Coins
6 Dollar T-Shirts
DHGATE.COM
The Ready Store
Onnit Labs
Audible Audio Books
Blue Host




BlackListed News 2006-2014