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Record number of Americans in poverty as wealth gap between young and old increases

The alarming number of Americans living in poverty continues to rise. According to new figures released by U.S. Census Bureau, 49.1 million — or 16 percent — of Americans are now living below the poverty line. The numbers are an increase from 2010, when the previous record was at 46.2…

Racial wealth gap greatest in quarter century

If it seems like the consequences of the dire economic climate keep rushing on, that’s because they are. A new Pew Research Center analysis of census data shows that the wealth gap between white people and minorities is the widest it has been in 25 years. The average white households’…