By Aaron Task | Daily Ticker
The government this week reported the U.S. poverty rate has risen to 15.1%, the highest since 1993, while 22% of children are living below the poverty line. Meanwhile, average median U.S. income fell 2.3% to $49,445, roughly 7% below the 1999 peak and a level not seen since 1996 on aninflation-adjusted basis. (See: As America’s Middle Class Shrinks, P&G Adopts “Hourglass” Strategy)
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