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Increased Poverty

July 22, 2012

Census figures being released in the Fall are expected to show that poverty has risen to the highest levels since the 1960s. A rate of 15.2% – 15.7% would erase the gains of President Lyndon Johnson’s “war on poverty.”

Poverty is spreading across groups from the underemployed middle class to the poorest of the poor.

Long-term trends such as globalization, outsourcing, increased automation, and reduced unionization have combined to push median household income lower. These trends are not expected to reverse any time soon.

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