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Poverty Hits One Out of Seven Americans

Posted September 12th, 2012 at 12:20 pm (UTC-5)
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About one out of seven people in the United States was living in poverty in 2011, according to a government study. U.S. Census Bureau experts define “poverty” as an income below $23,021 for a family of four. The study says 46.2-million Americans live in poverty, and the 15-percent poverty rate is a very slight decline […]

Tags: , Posted in Economy

Report: Rising Income Gap Threatening Stability in Asia

Posted April 11th, 2012 at 10:00 am (UTC-5)
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A report by the Asian Development Bank says the region’s rapid economic growth has created a widening income gap that threatens to undermine its growth and stability. In its annual economic development outlook, the Manila-based lender says Asia’s richest one percent of households account for six to eight percent of total income, while up to […]

Report: China’s Poorest See Improved Access to Food, Shelter

Posted March 27th, 2012 at 7:10 am (UTC-5)
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A new study by the Gallup organization finds far fewer of China’s residents are struggling to meet their basic needs. The study released Tuesday found that only six percent of those in the poorest one-fifth of China’s population did not have enough money to buy food in the past year. That is down from 23 […]

Nigeria Government Says Poverty on Rise

Posted February 13th, 2012 at 7:55 am (UTC-5)
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The Nigerian government says poverty continues to rise in the country despite overall economic growth in the past few years. The National Bureau of Statistics says 61 percent of Nigerians were living on less than $1 per day in 2010, compared to about 51 percent in 2004. It says the percentage of Nigerians living in […]

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China Raises Poverty Level, Maps Out Reduction Plan

Posted November 30th, 2011 at 9:35 am (UTC-5)
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China has raised its official poverty line, causing more people to qualify as poor despite its booming economy. But researchers in Beijing say the government aims to substantially reduce the number of poor people in the country’s rural areas over the next four years. Beijing announced a near doubling of its previous poverty line to […]

Nearly 50 Million Americans Living in Poverty

Posted November 7th, 2011 at 2:40 pm (UTC-5)
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New census estimates show the number of Americans living in poverty has risen to almost 50 million — 16 percent of the U.S. population. That’s up from 46.2 million people reported in September. The new figure of 49.1 million takes into account higher prices for everyday costs and medical expenses. The number of Hispanics living […]

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Extreme US Poverty Surges in Last Decade

Posted November 3rd, 2011 at 5:15 pm (UTC-5)
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A study of poverty in America shows the number of people living in extreme poverty has grown sharply during the past decade, erasing gains the U.S. made in reducing poverty during the 1990s. The Brookings Institution, a research group based in Washington, says the number of people living in extreme-poverty areas – in communities where […]

Tags: , , , Posted in Economy

Extreme US Poverty Surges in Last Decade

Posted November 3rd, 2011 at 4:05 pm (UTC-5)
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A new report says that the number of Americans living in neighborhoods with extreme poverty grew markedly in the last decade, erasing gains the U.S. made in eradicating poverty in the 1990s. The Washington-based Brookings Institution research group said Thursday that at least 2.2 million more people now live in communities where at least 40 […]

Tags: , , Posted in Economy

World Bank Says European Crisis is Hurting Developing Countries

Posted October 26th, 2011 at 7:05 am (UTC-5)
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World Bank President Robert Zoellick says new programs may be needed to help developing countries hurt by the European debt crisis. Zoellick made the remarks Wednesday while touring a slum community outside the Philippine capital Manila where residents are benefiting from a World Bank anti-poverty program. He said the European crisis has driven borrowing costs […]

World Bank Says European Crisis is Hurting Developing Countries

Posted October 26th, 2011 at 6:25 am (UTC-5)
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World Bank President Robert Zoellick says new programs may be needed to help developing countries hurt by the European debt crisis. Zoellick made the remarks Wednesday while touring a slum community outside the Philippine capital Manila where residents are benefiting from a World Bank anti-poverty program. He said the European crisis has driven borrowing costs […]

Tags: , , Posted in East Asia Pacific
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