19 Statistics About the Poor That Will Absolutely Astound You

By Michael Snyder, The Economic Collapse
Posted on November 8, 2011, Printed on November 9, 2011

http://www.alternet.org/story/153005/extreme_poverty_is_now_at_record_levels_–_19_statistics_about_the_poor_that_will_absolutely_astound_you

According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before.  In 2010, we were told that the economy was recovering, but the truth is that the number of the “very poor” soared to heights never seen previously.  Back in 1993 and back in 2009, the rate of extreme poverty was just over 6 percent, and that represented the worst numbers on record.  But in 2010, the rate of extreme poverty hit a whopping 6.7 percent.  That means that one out of every 15 Americans is now considered to be “very poor”.  For many people, this is all very confusing because their guts are telling them that things are getting worse and yet the mainstream media keeps telling them that everything is just fine.  Hopefully this article will help people realize that the plight of the poorest of the poor continues to deteriorate all across the United States.  In addition, hopefully this article will inspire many of you to lend a hand to those that are truly in need.

Tonight, there are more than 20 million Americans that are living in extreme poverty.  This number increases a little bit more every single day.  The following statistics that were mentioned in an article in The Daily Mail should be very sobering for all of us….

About 20.5 million Americans, or 6.7 percent of the U.S. population, make up the poorest poor, defined as those at 50 per cent or less of the official poverty level.

Those living in deep poverty represent nearly half of the 46.2 million people scraping by below the poverty line. In 2010, the poorest poor meant an income of $5,570 or less for an individual and $11,157 for a family of four.

That 6.7 percent share is the highest in the 35 years that the Census Bureau has maintained such records, surpassing previous highs in 2009 and 1993 of just over 6 percent.

Sadly, the wealthy and the poor are being increasingly segregated all over the nation.  In some areas of the U.S. you would never even know that the economy was having trouble, and other areas resemble third world hellholes.  In most U.S. cities today, there are the “good neighborhoods” and there are the “bad neighborhoods”.

According to a recent Bloomberg article, the “very poor” are increasingly being pushed into these “bad neighborhoods”….

At least 2.2 million more Americans, a 33 percent jump since 2000, live in neighborhoods where the poverty rate is 40 percent or higher, according to a study released today by the Washington-based Brookings Institution.

Of course they don’t have much of a choice.  They can’t afford to live where most of the rest of us do.

Today, there are many Americans that openly look down on the poor, but that should never be the case.  We should love the poor and want to see them lifted up to a better place.  The truth is that with a few bad breaks any of us could end up in the ranks of the poor.  Compassion is a virtue that all of us should seek to develop.

Not only that, but the less poor people and the less unemployed people we have, the better it is for our economy.  When as many people as possible in a nation are working and doing something economically productive, that maximizes the level of true wealth that a nation is creating.

But today we are losing out on a massive amount of wealth.  We have tens of millions of people that are sitting at home on their couches.  Instead of creating something of economic value, the rest of us have to support them financially.  That is not what any of us should want.

It is absolutely imperative that we get as many Americans back to work as possible.  The more people that are doing something economically productive, the more wealth there will be for all of us.

That is why it is so alarming that the ranks of the “very poor” are increasing so dramatically.  When the number of poor people goes up, the entire society suffers.

So just how bad are things right now?

The following are 19 statistics about the poor that will absolutely astound you….

#1 According to the U.S. Census Bureau, the percentage of “very poor” rose in 300 out of the 360 largest metropolitan areas during 2010.

#2 Last year, 2.6 million more Americans descended into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#3 It isn’t just the ranks of the “very poor” that are rising.  The number of those just considered to be “poor” is rapidly increasing as well.  Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#4 The poverty rate for children living in the United States increased to 22% in 2010.

#5 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.

#6 In Washington D.C., the “child food insecurity rate” is 32.3%.

#7 More than 20 million U.S. children rely on school meal programs to keep from going hungry.

#8 One out of every six elderly Americans now lives below the federal poverty line.

#9 Today, there are over 45 million Americans on food stamps.

#10 According to the Wall Street Journal, nearly 15 percent of all Americans are now on food stamps.

#11 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#12 The number of Americans on food stamps has increased 74% since 2007.

#13 We are told that the economy is recovering, but the number of Americans on food stamps has grown by another 8 percent over the past year.

#14 Right now, one out of every four American children is on food stamps.

#15 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

#16 More than 50 million Americans are now on Medicaid.  Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#17 One out of every six Americans is now enrolled in at least onegovernment anti-poverty program.

#18 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

#19 It is estimated that up to half a million children may currently be homeless in the United States.

Sadly, we don’t hear much about this on the nightly news, do we?

This is because the mainstream media is very tightly controlled.

I came across a beautiful illustration of this recently.  If you do not believe that the news in America is scripted, just watch this video starting at the 1:15 mark.  Conan O’Brien does a beautiful job of demonstrating how news anchors all over the United States are often repeating the exact same words.

So don’t rely on the mainstream media to tell you everything.

In this day and age, it is absolutely imperative that we all think for ourselves.

It is also absolutely imperative that we have compassion on our brothers and sisters.

Winter is coming up, and if you see someone that does not have a coat, don’t be afraid to offer to give them one.

All over the United States (and all around the world), there are orphans that are desperately hurting.  As you celebrate the good things that you have during this time of the year, don’t forget to remember them.

We should not expect that “the government” will take care of everyone that is hurting.

The reality is that millions of people fall through the “safety net”.

Being generous and being compassionate are qualities that all of us should have.

Yes, times are going to get harder and an economic collapse is coming.

That just means that we should be more generous and more compassionate than we have ever been before.

Michael Snyder is an attorney, a blogger, a writer, a speaker and an activist. He is currently the publisher of The Economic Collapse blog.

© 2011 The Economic Collapse All rights reserved.
View this story online at: http://www.alternet.org/story/153005/

By Kerry Trueman, AlterNet
Posted on October 9, 2011, Printed on November 9, 2011

http://www.alternet.org/story/152673/why_danes_are_so_much_happier_than_americans

Americans may be deeply divided about what ails our country, but there’s no denying we’re a nation of unhappy campers.

Danes, on the other hand, consistently rank as some of the happiest people in the world, a fact attributed at least in part to Denmark’s legendary income equality and strong social safety net.

Forbes recently cited another possible factor; the Danes’ “high levels of trust.” They trust each other, they trust ‘outsiders,’ they even trust their government. 90% of Danes vote. Tea party types dismiss Denmark as a hotbed of socialism, but really, they’re just practicing a more enlightened kind of capitalism.

In fact, as Richard Wilkinson, a British professor of social epidemiology, recently stated on PBS NewsHour, “if you want to live the American dream, you should move to Finland or Denmark, which have much higher social mobility.”

While we debate whether climate change is real and a tax on unhealthy foods is nanny state social engineering, the Danish are actually trying to address these problems head on.

They can afford to, because they don’t spend all their waking hours worrying about whether they’re about to lose their job, or their house, or how they’re going to pay their student loans, or their health insurance premiums.

Could Danish-style democracy catch on here at home? If the way to a nation’s heart is through its stomach, there may be hope. After all, the hottest trend on the culinary horizon these days is the new Nordic Cuisine, “which seeks to turn the culinary dial back toward the natural world,” as the New York Times reported a few weeks back.

One of the pioneers of this movement is the dynamic Danish chef and climate change activist Trine Hahnemann, whose latest book is The Nordic Diet. Trine has a genius for creating earthy, easy, elegant meals, but she’s equally passionate about cooking up social change while she’s at it. I had a chance to get her two cents on our respective cultures when she passed through NYC recently. Following is a condensed version of our conversation:

KT: The cover of your latest book declares that you can “Eat Your Way to Health and Happiness with The Nordic Diet.” Americans are so stressed and depressed these days, we’re more likely to Eat Our Way to Illness and Misery. And the worse we eat, the worse we feel. Any ideas on how to break out of this vicious cycle?

TH: To change the whole political system takes a long time, so, that’s not my first suggestion. Cooking your own meals is essential to staying healthy, because that’s the only way you can control your diet. And sharing meals with family and friends, having a sense of belonging, that’s a very big part of happiness.

Your meal culture has been blown apart, it’s a huge problem. I understand when people say “but I get off work at 8 o’clock and I have to shop and go home and cook,” but it’s a cycle that just goes around and around and nobody’s breaking it. You have to start cooking your own food, and it is doable, even on a lower income.

Danes actually eat a lot of crap, a lot of frozen vegetables, but they cook at home every day and sit down and eat together. This is the main thing in our culture, because take-out and processed convenience foods are more expensive. Fruits and vegetables have to be the cheapest thing, cheaper than eating at McDonald’s. It all comes down to economics.

So, we’re not these ‘holy people’ who can manage everything, we just have different ethics. We don’t subsidize corn like you do, and also, there is a 25% VAT. And it’s socially acceptable to leave work at around 4 or 5 o’clock and pick up your kids from school, go home, share a family meal. From a management point of view, if people have a nice family life, they’ll be more productive.

KT: Denmark is famous for having so much less income inequality; do kitchen workers in Danish restuarants make a decent salary?

TH: Yes, a dishwasher in Denmark gets $25 an hour.

KT: Do they get sick days and benefits, too?

TH: Yes, and a pension, and health care, and maternity leave. To me, the more equal your society is, the better it is for everybody. It’s not right for a country as rich as yours to have so many poor people. This thing with Americans and taxes, I don’t understand it.

I make quite a lot of money, I pay 67% tax on much of it, and I don’t mind. I like the idea that the girl who’s sitting next to my daughter, whose mother is a cleaning lady, has exactly the same opportunity to get an education that my daughter has. I don’t think that’s socialism. To me, that’s human decency. That girl didn’t choose her parents, why shouldn’t she have the same opportunities?

KT: The government of Denmark has a very ambitious agenda to eliminate your country’s dependence on fossil fuels by 2050. The Danes are early adopters when it comes to conservation and renewable energy.

But Denmark’s a relatively small country with a temperate climate, and a homogenous population that doesn’t doubt the science on climate change. What lessons do you think the U.S., with all its diversity and division, could learn from your example?

TH: We can’t change the world. We’re only five million people, but as you say, we’re homogenous. Danes trust their government. Over 90% of our population votes. Our news is not as polarized as yours. We’re a good place to try out a model.

And cities around the world can draw from our experience. If we don’t adapt, there’s not going to be water, there’s not going to be electricity, why not find solutions now?

KT: How does your role as a climate change activist influence the way you cook?

TH: I use a lot of whole grains, I cut down on meat, I eat very seasonally. In my company, Hahnemann’s Køkken, we have a very seasonal profile, our food waste is really low, we use everything that gets into the kitchen.

And I’m working with some engineers to design an energy-efficient professional kitchen. We hope to convince people to buy new equipment. They say, “oh no, it’s so expensive,” but then you show them how much they could save over ten years on their electricity bill. There are so many old fridges out there that cost a fortune to run.

We need government guaranteed loans to buy new equipment, there are some very interesting models. There’s a baker in Germany who has so much leftover bread because people come in at 6 o’clock and demand the same variety he has at 1 o’clock — that’s ridiculous! But he’ll lose business if he doesn’t cater to that, so all the bread that’s left everyday goes into his energy system. He burns it, and that runs the ovens for the next day.

KT: So it’s like a kind of biofuel? Does it smell like burned toast?

TH: (laughs) I don’t know!

KT: In The Nordic Diet, you note that folks in Denmark bicycle everywhere, to get to work, to go shopping — entire families routinely go bicycling together, and you don’t let lousy weather stop you. You quote the Danish saying, “There is no such thing as bad weather, only wrong clothing.”

But even when the weather’s fine, you might work up a sweat and get windblown biking around. Here in the U.S., our surgeon general got in hot water when she noted that too many American women don’t exercise because they don’t want to mess up their hair.

So, is it socially acceptable in Denmark to arrive at one’s destination looking like a sweaty, dishevelled mess?

TH: We don’t have an obsession with hair like you have over here, we don’t have that hair that sits in one place; that’s never been in fashion. But if you bicycle ten miles to work on a racing bike, let’s say, you’ll have your regular clothes in a bag and most work places in Denmark provide a shower and a changing room.

KT: And what about the time that it takes to get changed into your work clothes, are you on the clock? Is it like taking a lunch break?

TH: Yeah, but Danes are like the Swiss, we’re always on time. Danes are not late — being on time is a big part of the culture.

KT: So, it’s acceptable to show up with messy hair, but not to be late?

TH: Yes.

KT: How did you feel about the Copenhagen Climate Change talks, and where do you see the climate change movement heading?

TH: I was so disappointed. I was in tears. Our politicians failed us gravely. America and China came with nothing. And Saudi Arabia was working behind the scenes, I’m told, to sabotage it.

It’s a shame people aren’t more disappointed with the politicians. I am. I’m really disappointed that they can’t step up and do the right thing. Why aren’t we doing more? I’m not even satisfied with what we’re doing in Denmark. I love that we have these goals and I will help to work towards them through the things I can do as a chef and a responsible citizen.

But I think it will have to get much worse before people realize how bad it is. It’s potentially just as catastrophic as terrorism — or worse — but nobody’s paying attention. Everybody’s just hoping it will go away.

On the food side, I’m more optimistic, I see a lot of changes, a lot of goodwill, people wanting to cook and eat more ecologically.

We’ve got to change the way we eat, we’ve got to change the way we source, we’ve got to change the way we waste. For me, first of all, it’s cutting back on the meat. Eating meat everyday has only been part of our diet since World War II. No matter what, only eat meat twice a week.

And everyone should get a composting bucket, so they can see how much they waste. You could save $2,000 a year if you stopped wasting food. Our grandmothers would never have wasted all that food.

We have to take that older mentality and new technologies and put them together for new solutions. I agree with Food, Inc. director Robert Kenner when he says, “Every time you shop, you vote.” That’s the best thing you can do as an individual who doesn’t hold political office.

Kerry Trueman is the co-founder of EatingLiberally.org. You can follow her on Twitter.

© 2011 Independent Media Institute. All rights reserved.
View this story online at: http://www.alternet.org/story/152673/

By Andrew Weil, Huffington Post
Posted on November 8, 2011, Printed on November 9, 2011

http://www.alternet.org/story/153021/5_ways_to_have_a_happier_life

In my new book, “Spontaneous Happiness,” I write about lifestyle practices that can help people achieve and maintain happy lives. Bear in mind that by “happy,” I am not referring to endless bliss. Despite what many in the media proclaim these days, such a state is neither achievable nor desirable. Instead, these practices are designed to help most people reach and maintain a state of contentment and serenity. From there, a person can still experience appropriate emotional highs and lows, but knows that he or she will soon return to a pleasant state that might be termed emotional sea level.

I’ve summarized information about 5 of those practices. These will, I believe, be of particular benefit for those who struggle with mild to moderate depression, but can also potentially benefit nearly anyone who follows them:

1. Exercise: Human bodies are designed for regular physical activity. The sedentary nature of much of modern life probably plays a significant role in the epidemic incidence of depression today. Many studies show that depressed patients who stick to a regimen of aerobic exercise improve as much as those treated with medication. Exercise also appears to prevent depression and improve mood in healthy people. Many exercise forms — aerobic, yoga, weights, walking and more — have been shown to benefit mood.

Typical therapeutic exercise programs last for eight to 14 weeks. You should have 3 to 4 sessions per week, of at least 20 minutes each. For treatment of depression and anxiety disorders, activities of moderate intensity, like brisk walking, are more successful than very vigorous activity.

I am a particular fan of integrative exercise — that is, exercise that occurs in the course of doing some productive activity such as gardening, bicycling to work, doing home improvement projects and so on. Many people find it far easier to stick to activities like this than to lifting weights or running on a treadmill.

2. Follow an Anti-Inflammatory Diet: Normally, inflammation occurs in response to injury and attack by germs. It is marked by local heat, redness, swelling and pain, and is the body’s way of getting more nourishment and more immune activity to the affected area. But inflammation also has destructive potential. We see this when the immune system mistakenly attacks normal tissues in such autoimmune diseases as type 1 diabetes, rheumatoid arthritis and lupus. Excessive inflammation also plays a causative role in heart disease, Alzheimer’s and Parkinson’s diseases, as well as other age-related disorders, including cancer. More recent research indicates that inappropriate inflammation may also underlie depression — so controlling it is key to both physical and mental health.

Perhaps the most powerful way to control inflammation is via diet. My anti-inflammatory diet consists of whole, unprocessed foods that are especially selected to reduce inappropriate inflammation, as well as provide abundant vitamins, minerals and fiber. It consists of fruits and vegetables, fatty cold-water fish, healthy whole grains, olive oil and other foods that have been shown to help keep inflammation in check. For details, see the anti-inflammatory food pyramid at my website.

3. Take Fish Oil and Vitamin D: Adequate blood levels of these nutrients has been strongly tied to emotional health. They are so necessary and deficiencies are so common in the developed world that I believe everyone, depressed or not, should take them. Take up to three grams of a quality, molecularly distilled fish oil supplement daily — look for one that provides both EPA and DHA in a ratio of about three or four to one. I also recommend 2,000 IU of vitamin D each day.

4. Take Depression-Specific Herbs: Specifically for those with mild to moderate depression, I suggest trying:

• St. John’s Wort (Hypericum perforatum): This European plant appears to work well for those affected by low mood. Look for tablets or capsules standardized to 0.3 percent hypericin that also list content of hyperforin. The usual dose is 300 milligrams three times a day. You may have to wait two months to get the full benefit of this treatment.
• SAMe (S-adenosy-L-methionine): A naturally-occurring molecule found throughout the body, SAMe (pronounced “sammy”) has been extensively studied as an antidepressant and treatment for the pain of osteoarthritis. Look for products that provide the butanedisulfonate form in enteric-coated tablets. The usual dosage is 400 to 1,600 milligrams a day, taken on an empty stomach. Take lower doses (under 800 milligrams) once a day, a half hour before the morning meal; split higher doses, taking the second a half hour before lunch.
• Rhodiola (Rhodiola rosea): A relative of the jade plant native to the high northern latitudes, it appears to improve mood and memory. Look for 100-milligram tablets or capsules containing extracts standardized to three percent rosavins and one percent salidroside. The dosage is one or two tablets or capsules a day, one in the morning or one in the morning and another in early afternoon. This can be increased to 200 milligrams up to three times a day if needed.

5. Do Breathing Exercises: Conscious breath control a useful tool for achieving a relaxed, clear state of mind. One of my favorite breathing exercises is the 4-7-8 (or Relaxing) Breath. Although you can do the exercise in any position, sit with your back straight while learning the exercise. Place the tip of your tongue against the ridge of tissue just behind your upper front teeth, and keep it there through the entire exercise. You will be exhaling through your mouth around your tongue; try pursing your lips slightly if this seems awkward. Then:

• Exhale completely through your mouth, making a whoosh sound.
• Close your mouth and inhale quietly through your nose to a mental count of four.
• Hold your breath for a count of seven.
• Exhale completely through your mouth, making a whoosh sound to a count of eight.

This is one breath. Now inhale again and repeat the cycle three more times for a total of four breaths.

Note that you always inhale quietly through your nose and exhale audibly through your mouth. The tip of your tongue stays in position the whole time. Exhalation takes twice as long as inhalation. The absolute time you spend on each phase is not important; the ratio of 4:7:8 is important. If you have trouble holding your breath, speed the exercise up but keep to the ratio of 4:7:8 for the three phases. With practice you can slow it all down and get used to inhaling and exhaling more and more deeply. This exercise is a natural tranquilizer for the nervous system.

Click for more Ways to Have a Happier Life, Part Two. 

© 2011 Huffington Post All rights reserved.
View this story online at: http://www.alternet.org/story/153021/

Jack Hoffman, longtime Vermont survey research specialist from Public Assets Institute calls for rebuilding robust performance measures for Vermont.

Recently released Census data are both a wake-up call and a gift for the Shumlin administration and the Legislature.

A wake-up call because the statistics show that middle-income Vermonters are earning less and more of them are slipping into poverty—evidence that things are moving in the wrong direction for Vermonters. Our political leaders need to turn this around through the priorities they set—starting with tax and budget policies—that will shape Vermont’s future.

A gift because the Census data provide the beginnings of a performance measurement system that Vermont desperately needs to rebuild.
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Title: Cafe’ Scientifique – Measuring Happiness
Location: Leahy Echo Center Waterfront Burlington, Vermont
Link out: Click here
Description: An evening of presentation and conversation on happiness and how word analysis of social media can be used to show happiness levels around the world in real time. Chris Danforth, PhD UVM Math Department
Start Time: 18:30
Date: 2011-11-10
End Time: 20:30

Title: Well-Being Indicators for a Happy and Sustainable Future
Location: Northshire Bookstore – Manchester Center, Vermont
4869 Main Street Manchester Center, Vermont 05255
802-362-2200 • 800-437-3700
Description: Gross National Happiness Workshop and Seminar with Tom Barefoot, Co-Coordinator of GNHUSA, GNH is based on the premise that the calculation of “wealth” should consider other aspects besides economic development: the preservation of the environment and the quality of life. The purpose of an economy should be the integration of material development with psychological, cultural, and spiritual aspects – living sustainably on our one Earth. This workshop will discuss the Four Pillars of GNH: • the promotion of equitable and sustainable socio-economic development • the preservation and promotion of cultural values • the conservation of the natural environment, and • the establishment of good governance. We will explore the idea of happiness and how to pursue it and we will look at how alternative measures can make us all happier.

Start Time: 18:00
Date: 2011-12-08
End Time: 20:00

Maryland’s GPI website now has 2010 Data. Maryland has been using the Genuine Progress Indicator to provide better information for policy and budget development for agencies of the State Government. See a good example of how GPI can be implemented and how a website can provide important data to the public. Note also the State Stats button, which leads to dashboards for state agencies.

Sean McQuire who manages the GPI program in Maryland was recently in Vermont discussing how Maryland has implemented alternative indicators. Lew Daly and the Demos Foundation kindly brought Sean to Vermont to share his experience with implementing GPI. The Gund Institute for Ecological Economics at the University of Vermont has long expertise in GPI has collaborated with Sean’s work in Maryland. Sean and Lew briefly met with Gund fellows and students.

Go to the Maryland GPI website

WASHINGTON — A record number of Americans – 49.1 million – are poor, based on a new census measure that for the first time takes into account rising medical costs and other expenses.

The numbers released Monday are part of a first-ever supplemental poverty measure aimed at providing a fuller picture of poverty. Although considered experimental, they promise to stir fresh debate over Social Security, Medicare and programs to help the poor as a congressional supercommittee nears a Nov. 23 deadline to make more than $1 trillion in cuts to the federal budget.

Based on the revised formula, the number of poor people exceeds the record 46.2 million, or 15.1 percent, that was officially reported in September.

Broken down by group, Americans 65 or older sustained the largest increases in poverty under the revised formula – nearly doubling to 15.9 percent, or 1 in 6 – because of medical expenses that are not accounted for in the official rate. Those include rising Medicare premiums, deductibles and expenses for prescription drugs.

“As seniors choose between food and medicine, some lawmakers are threatening lifeline programs that provide a boost to those in poverty or a safety net to those grasping at the middle class,” said Jo Ann Jenkins, president of AARP Foundation, which represents the needs of older Americans. “With nearly 16 percent of seniors already living in poverty, our country cannot afford to slide further backward.”

Working-age adults ages 18-64 saw increases in poverty – from 13.7 percent to 15.2 percent – due mostly to commuting and child care costs.

And for the first time, the share of Hispanics living in poverty surpassed that of African-Americans, 28.2 percent to 25.4 percent. That is due to a jump in the poverty rate for Hispanics under the new measure because of lower participation among immigrants and non-English speakers in government aid programs such as housing and food stamps.

Due to new adjustments for geographical variations in costs of living, people residing in the suburbs, the Northeast and West were the regions mostly likely to have poor people – nearly 1 in 5 in the West.

Economists have long criticized the official poverty rate as inadequate, although they differ widely on the best ways to calculate it. Based on a half-century-old government formula, the official rate continues to assume the average family spends one-third of its income on food. Those costs have actually shrunk to a much smaller share, more like one-seventh.

In reaction to some of the criticism, the federal government last year tasked the Census Bureau with developing a new measure, based partly on recommendations made by the National Academy of Sciences. The new measure’s goal is to help lawmakers to better gauge the effectiveness of anti-poverty programs. It does not replace the Census Bureau’s official poverty formula, which continues to determine eligibility and distribution of billions of dollars in federal aid for the poor.

“We’re now about to go into federal debt discussions showing a major increase in elder poverty and a decrease for African-Americans. That just defies common sense, and the political implications could be devastating,” said Douglas Besharov, a University of Maryland public policy professor and former scholar at the conservative American Enterprise Institute, who called the new measure “arbitrary.”

“Sure, there’s a lot of suffering out there, but the inexorable result of all of this is to give more ammunition to groups to prevent cuts for the elderly. That means more cuts for low-income families,” he said.

Kathleen Short, a research economist at the Census Bureau, said many of the shifts in poverty reflect the large numbers of older people who hover near the poverty line after receiving Social Security cash payments. The poverty line is defined under the official measure as $11,139 for an individual, or $22,314 for a family of four.

Because of Social Security benefits, only 9 percent of seniors, or roughly 3.5 million, live in poverty according to the official formula. But that number increases by roughly 2.7 million when taking into account additional health care costs and other factors. If it weren’t for the health care costs, the poverty rate for seniors would have dropped to 8.6 percent.

“The medical expenses are very large,” Short said.

Not all groups saw increases in poverty under the new measure. For instance, children and African-Americans saw declines in their poverty rates, mostly due to the positive effects of government aid programs including food stamps. Residents living in more rural areas as well as the Midwest and South also fared better, due to lower costs of living.

The census report found that the poverty rate for all groups would have jumped to 18 percent – or 6 million more people – if it weren’t for the earned income tax credit, a safety net program which offers credits to low- and moderate-income families as an incentive to work and to help offset the burden of Social Security taxes. Temporary expansions to that program are slated to expire after next year.

Without food stamps, the poverty rate would have risen to 17.7 percent, which translates to about 5 million more people. That program was expanded in 2009 as part of the federal stimulus plan; the expansions are now phasing out gradually and will expire completely in 2014.

“Ironically, the new poverty figures are arriving just in time to show the success of many of the very programs that are being subject to budget cuts and scrutiny at the federal and state level,” said Arloc Sherman, a senior researcher at the Center for Budget and Policy Priorities, a liberal-leaning think-tank. “Legislatures are making some of the harshest state cuts in recent history for vulnerable families, and some in Congress are advocating cutting deeply from federal assistance for those at the bottom.”

Other findings:

_Poverty for Asians increased, from 12.1 percent under the official measure to 16.7 percent. Among non-Hispanic whites, it rose from about 10 percent to 11.1 percent.

_The poverty rate for children declined, from 22 percent to 18.2 percent.

_Under the revised formula, the West had the most people in poverty at 19.4 percent. It was followed by the South (16.3 percent), the Northeast (14.5 percent) and the Midwest (13.1 percent).

On Monday, the Census Bureau said its new measure remained a “work in progress,” with additional refinements needed to better determine commuting and housing costs. The bureau also said it needed to collect additional data before it can publish reliable supplemental numbers on poverty broken down by state.

Hope Yen  Huff Post Business November 7, 2011

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The largest banks and financial institutions made more money in the first 2 years of the Obama Administration then they did in 8 years of the Bush Administration.

The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.

Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 2¹ / ₂ years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show.

(See data in an Excel file here.)

Behind this turnaround, in significant measure, are government policies that helped the financial sector avert collapse and then gave financial firms huge benefits on the path to recovery. For example, the federal government invested hundreds of billions of taxpayer dollars in banks — low-cost money that the firms used for high-yielding investments on which they made big profits.

Read the full article on the Washington Post/Bloomberg Business website.