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VOL. 127 | NO. 224 | Thursday, November 15, 2012

Fuller Picture of Poverty: 49.7 Million Poor People in US

HOPE YEN | Associated Press

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WASHINGTON (AP) – A different way of calculating America's poor by taking into account medical costs and work-related expenses finds a higher total than the government's official count.

This measure is aimed at providing a fuller picture of poverty. It found there are 49.7 million poor people in the country – or 16.1 percent of the population. That compares with the 46.2 million, or 15 percent, as reported in September in the Census Bureau's official count.

According to the newly developed measure, those more likely to live in poverty are people 65 or older, urbanites and Hispanics – the result of medical expenses and higher living costs in cities.

California had the highest share of poor people, followed by Arizona and Florida. In the official tally, it's Mississippi, New Mexico and Arizona.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 278 3,693
MORTGAGES 113 368 5,162
FORECLOSURE NOTICES 29 106 1,177
BUILDING PERMITS 226 574 9,139
BANKRUPTCIES 59 245 3,587
BUSINESS LICENSES 22 103 1,520
UTILITY CONNECTIONS 330 954 4,869
MARRIAGE LICENSES 18 94 1,004

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