The US Census Bureau changed its formulation of poverty for the first time in over fifty years, taking into account reductions in the cost of food while including rising costs in health care, child care, housing and transportation. In addition, non-cash government aid like food stamps and tax credits were finally included in the formulation.
When all of those figures were taken into account, it turns out that poverty is more prevalent in the United States than previously thought.
The ranks of America’s poor are greater than previously known, reaching a new level of 49.1 million — or 16 percent — due to rising medical costs and other expenses that make it harder for people to stay afloat, according to new census estimates.
The numbers released Monday are part of a first-ever supplemental poverty measure aimed at providing a fuller picture of poverty. It is considered experimental and does not replace the Census Bureau’s official poverty formula, which continues to determine eligibility and distribution of billions of dollars in federal aid for the poor.
Based on the revised formula, the number of poor people exceeds the record 46.2 million, or 15.1 percent, that was officially reported in September.
The biggest increase in poverty rates came from elderly Americans aged 65 or older. It was always a point of pride that the combination of Social Security and Medicare drastically reduced elderly poverty. Under the old statistics, just 9% of seniors were seen as living in poverty. However, because the new formula takes into account out-of-pocket medical costs, particularly rising deductibles and prescription drugs, that number has jumped by 2.7 million, and now represents 15.9% of all seniors, roughly 1 in 6. This is consistent with the rest of the population.
This is an important finding. What we’re seeing is that Social Security and Medicare are NOT ENOUGH to keep millions of seniors out of poverty. This comes at a time when the elites in Washington are trying to find ways to cut Social Security benefits or phase out Medicare. These new poverty statistics should stop that dead in its tracks. But it won’t.
Children and African-Americans saw their poverty rates decrease slightly under the new measurement, mainly because food stamps were taken into account. In other words, a government program was lifting more people out of poverty. One would assume this as an example of government working, but that’s not the case for the deficit hysterics.





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Tell that to the AP, which today talks about all the old folks’ stealing from the young.
http://news.yahoo.com/us-wealth-gap-between-young-old-widest-ever-050259922.html
“wealth gap between young and old widest than ever.”
That’s terrible. This article doesn’t pit the generations against each other, but rather acknowledges that the “economic downturn . . . has hit young adults particularly hard.” http://www.usatoday.com/money/economy/income/story/2011-11-06/wealth-gap-young-old/51098910/1
As a disabled person moving towards the really senior category, I’m already seeing a reluctance of the part of doctors to waste resources on me.
I pay really close attention to my doctor’s attitudes and here lately, have been VERY creeped out.
I think they just want us to “die quickly” as Grayson said.
Still not sure why they want so many babies forced on unwilling mothers unless it’s just courtship to the extreme religious misogyny that’s rearing it’s ugly head again.
Not expecting a “comfortable old age”.
Let them get jobs.
If they don’t work, they don’t deserve to eat.
Pair that with the recent poll of the wealthy on how much you need to feel wealthy, I think 7.4 million was the average net worth you needed to “feel” wealthy.
Do you realize how puny $7.4 million is? At that, you can’t even afford to build a building at Columbia University so that your son, who failed algebra twice at Columbia Prep, can get in.
The whole scenario is nutty. We need a new occupant in the WH. We have a president who is hell bent on getting involved in war globally. He has quietly established a presence in more places now in Africa, for what?
It wasn’t enough to make us into murderers and robbers in Libya, to ruin Iraq and waste precious lives in Afganistan and Pakistan, among many other places that are covert or black op ti fied or just plain barbaric.
We need to reinstate the Glass Steagall Standard and have Congress utter credit for projects that will provide an infrastructure platform for at least two generations to come. We have to place the too big to fail banks into bankruptcy protection, and hand them back their gambling debts.
We can monetize the remaining legitimate debts through Credit uttered under Article 1 Section 8 of the US Constitution, which is how Alexander Hamilton saw the way out of the US being flat broke after the War of Independence. FDR put the Glass Steagall into effect and established the Bretton Woods fixed exchange rate system between sovreign nations, and laid the foundation for the Social Security safety new in the USA.
That the government has allowed this situation to develop, through Greenspans bubbles, and deregulation of banks and insurance agencies, with the help of Larry Summers and Timothy Geithner and Ben Bernanke, The Bush Administrations and now the Obama Administration, is nothing but the baby boomer generation being so passive, and allowing for this to happen, and get sucked into refinancing their homes and taking out car notes and huge credit card debt to go on cruises and remodel their kitchens, and fill their houses with cheap stuff from Walmart. Now the chickens have come home to roost, the Muslim thing is taking precedence in everyone’s minds, and the homosexual and lesbian agenda is taking front page space, while the printing presses are running and their is less and less wealth being produced by what we as a nation, per head per square kilometer are producing in the way of value, according to the tools and power resources that we have available to us.
This is not in accordance with what we are capable of. To have an illegal, unconstitutional Super Congress in charge of our future as a sovreign nation, is like having what they are pushing for in the EU.
Greece is being subjected to intense scrutiny from the ECB and the IMG etc and the same control system is being suggested for Italy. Ireland and Portugal are also being subjected to austerity as is France and Great Britain. The EU is aiming for World Governance. The oligarchs are aiming at World War Three.
If the concern voiced above for the poverty level of seniors in the USA is sincere, then I suggest that every reader of this article get in touch with their congressmen and ask for THE RETURN TO PRUDENT BANKING ACT HR 1489 introduced by Marcy Kaptur D Ohio to be passed which would reinstate Glass Steagall. Then have the NEED ACT of 2011 introduced by Denis Kucinich passed which would give Congress back their mandate to utter credit for large projects which would put millions of Americans back to work right away. Then establish a New Bretton Woods, together with a treaty between the US, Russia, and China to get credit flowing again in those sovreign nations, to increase the projects that are already in some instances being facilitated, such as mag lev railroad systems to connect up the planet. Nuclear fusion and fission power plants, giant water management projects such as NAWAPA, which is ready to go, and get the environmental and galactic problems we are experiencing currently into control, otherwise we will go extinct Poverty would look like being a millionaire once the whole monetarist system of the oligarchs goes belly up, which could be within days. If we don’t have the American Credit system back up and running, which would allow us to utter credit for all other sovreign nations through our Constitutional fundamental principles, then there is no way for the Dark Age that is looming over us like the Damocles Sword, to be averted.
President Obama has violated his presidential oath to uphold the US Constitution, and therefore should be asked to resign forthwith.
We need some patriots to run the PResidency and Congress, we have so much to gain and at the same time, everything to lose.
For real.
So the percentage of elderly below the poverty line is about the same as the general population, and it’s the same as the % of Americans below the poverty line 30 years ago. What’s the point? SS and Medicare were never meant to guarantee that everyone would escape poverty.
You are so casual about deciding that old people can just die and get out of the way. I’m old and I don’t get alarmed about dying but I really don’t want to starve to death.
alice’s hit ‘n run. Full of horatories. Yawn.
Yawn, indeed. :)
The OECD report that made the rounds a couple weeks ago also indicated that elder poverty (among other poverty measures) in the US places the US near the bottom of the OECD nation list.
Actually, they may well have been intended to make sure that everyone escapes poverty, no matter what.
and Twain too. I’d like to know why you disparage Alice’s comments. I’ve read them and she’s on our side. Why do you call Alice’s comments “hit ‘n run? Is it because she basically says the same thing each time or is it because she’s not clever? I really don’t understand.
I never said any such thing. I just pointed out that the statistic is meaningless. Hey – the average is equal to the average and is the same as the average from 30 years ago! Color me stunned.
I also don’t believe that taxpayers should ensure that every person lives above the poverty line. We have known for decades and decades that SS and Medicare are failures waiting to happen and yet we are shocked (shocked, I say) that these programs are in financial difficulty and unable to keep up with the rising costs of living.
Nope:
“We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.”–
President Roosevelt upon signing Social Security Act
Note the use of words like “never”, “average” and “some measure or protection”.
No evidence whatsoever that SS is a “failure waiting to happen”.
Beyond that, overall healthcare costs have risen far more than Medicare costs. Medicare is a financial failure far less than the private insurance model is.
So you think a government program that keeps 1 in 5 elderly folks from poverty and has run a surplus that the government has been stealing from is a failure?
If running a surplus is a fail then I shudder to think of your opinions on programs like Medicaid or SCHIP.
Depends on whether or not you care whether people actually get care or value for their dollar. Perhaps stilltheone does not. Perhaps s/he is the CEO of one of those very profitable health insurance firms.
I’m quite sure the CEO of Aetna considers the private plan model the bigger success. Then again, that model is heavily weighted towards denying care rather than actually providing coverage. So everyone else probably considers it less than a paragon.
Perhaps stilltheone% or wannabe.
Easy.
One baby = 70-80+ years of income to the rentiers,
while one whooping crone represents ever-diminishing returns.