Poverty rate in U.S. hits nearly 30 year high

Poverty rate in U.S. hits nearly 30 year high

POSTED: Tuesday, September 13, 2011 - 2:15pm

UPDATED: Tuesday, September 13, 2011 - 3:11pm

Nearly one in six people live in poverty.

The U.S. Census Bureau reports that about 46.2 million people were “living in poverty” in 2010 - the highest level since 1983. At the time the unemployment rate averaged about 9.6%.

Also, the number of people without health insurance reached a new high of nearly 50 million people.

Health insurance losses were mainly due to employees who lost company-provided health insurance.

The main provisions of President Obama's health care plan won't take effect until 2014.
 

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