Wednesday, September 14, 2011

Hispanics have seen one of the sharpest rises in poverty, with more than 1 in 4 now living below the poverty line - that's more than double the poverty rate for non-Hispanic whites

The Hispanic poverty rate went up 1.3% in 2010, the sharpest annual rise of any group except blacks. More than a quarter of Hispanics – some 13.2 million people – were living below poverty level, more than double the 9.9% rate of non-Hispanic whites, according to a new report from the US Census Bureau. The median household income for Hispanics dropped from $38,667 to $37,759 – a decrease of 2.3%. Hispanic household wealth fell a whopping 66% between 2005 and 2009, according to a Pew analysis. There are now 6.1 million poor Hispanics under the age of 18 – more than any other single group. The percentage of blacks living below the poverty line is 27.4%. The number of blacks living under the poverty line — which is $11,139 for an individual in 2010 — rose to 10.7 million, up 1.6%. The median income for black households in 2010 was $32,068, down 3.2% from $33,122. The median income for white households also dropped, to a lesser degree, from $52,717 to $51,846, a decline of 1.7%. Asians, including Indian Americans, were the lone exception as the number of poor in the United States rose for the fourth consecutive year across all racial and ethnic groups in 2010. In the case of Asians, poverty levels remained at 12.1%. Of course, if our immigration rates were lower, our poverty rates would probably be lower as well.

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