Tuesday, August 30, 2005

what do you know?

http://nytimes.com/aponline/national/AP-Census-Poverty.html?hp&ex=1125460800&en=d74b58184dd4e9a2&ei=5094&partner=homepage

Here are some excerpts:

WASHINGTON (AP) -- The nation's poverty rate rose to 12.7 percent of the population last year, the fourth consecutive annual increase, the Census Bureau said Tuesday.

''Most of that growth in the economy over the last couple of years has gone to higher income people and has taken the form of capital income -- interest, rents, dividends,'' Smeeding said.

The only city with a million or more residents that exhibited a significant change in poverty level last year was New York City, which saw the rate increase from 19 percent to 20.3 percent.