http://news.yahoo.com/s/ap/20100916/ap_on_bi_ge/us_census_poverty
The article is an interesting read and a follow up to the previous article I posted. According to "Census", 1 in 7 million people are living in poverty...again, no definition given of this poverty, just elaborates on the unemployment rates. Also states GA is #5 on the poverty list.
"2009, the poverty level was $21,954 for a family of four, based on an official government calculation that includes only cash income before tax deductions. It excludes capital gains or accumulated wealth, such as home ownership"
"As a result, the official poverty rate takes into account the effects of some stimulus programs but doesn't factor in noncash government aid such as tax credits and food stamps, which have surged to record levels in recent months."
Interesting how not more is elaborated on the capital gains and excludes things like tax credits and food stamps. Definitely shows how biased media can be towards an issue.
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