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Census: Number in poverty hits 50-year high

Posted by: VHFA on 9/16/2010

The U.S. Census Bureau released figures today showing the nation's poverty rate jumped to 14.3% in 2009. That's the highest level since '94.

That rate indicates 43.6 million Americans are poor — the highest number in the nation's 51 years of keeping track.

The Office of Management and Budget defines poverty for 2009 as earning less than $21,954 for a family of four.

Read more details about the report at CNN.com.