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U.S. incomes ‘fell more after than during recession’
US household incomes fell more in the two years following the end of the recession than during the downturn itself, according to a New York Times report published on its website. A study by two former Census Bureau officials said inflation-adjusted income fell 6.7 percent, to $49,909, between June 2009…
Poverty rate hits 15.1 percent, highest since 1993
WASHINGTON — The US poverty rate rose in 2010 to 15.1 percent, the highest since 1993, according to census data showing a record number of Americans classified as poor and highlighting a struggling economy after the end of the Great Recession. The Census Bureau report released Tuesday showed a sharp…
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