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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 This material may not be published, broadcast, rewritten or redistributed.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 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 21 43 3,838
BUILDING PERMITS 153 512 35,842
BANKRUPTCIES 61 182 14,216
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 16 75 4,632

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