U.S. Wealth and Poverty Levels

Introduction

Poverty in the United States is a phenomenon that is far from gone. Official statistics state that in the year 2010 that one in four children (one child and African-American on two) grew below the "poverty line" in the U.S., against 6% of children in France, Germany and Italy, and 3% in Scandinavian countries (Bradley, Huber, Moller, Nielson & Stephens, pp 22 - 51).

Discussion

In a country of 300 million people as the United States 15 percent of the population are roughly 46 million people: today these people are considered below the poverty line. With an annual household income of $ 22.314 per year and 11,, 139 per capita. The median income, the most important indicator, which is what represents the highest percentage of citizens, fell by 2.3% in real terms during 2010. And more to the average American in 1970 earned $ 49 thousand a year, now earns 47 000 (Lawson & Lawson, pp 78 - 96). The age group most affected by this wave of poverty is between 25 and 34 years, 45% of them are poor. And with this also increases the percentage of those who fail to leave the parental home, 25% (Lawson & Lawson, pp 78 - 96). And the average American is the real crux of the problem because for years has been what has driven the U.S. economy. A situation, the large contraction in the world, experts now calls it, that a Democratic president, liberal as Barack Obama represents a problem of enormous dimensions (Susan & Hong-Sik, pp 123 - 139).

Analysts say that since 1959 was not such a situation occurred in 1959 but the situation in America was a big boom: The New York Times headlined "Two Cars in Every Garage," the American dream grew and gave to each his own chance, large numbers of immigrants arriving in the States in search of work, Alaska and Hawaii were annexed to the United States and President Dwight Eisenhower received for the first time a Soviet leader in America, Nikita Khrushchev, in his ranch in Gettysburg Pennsylvania (Susan & Hong-Sik, pp 123 - 139). Poverty lines in 2009 are presented in table below:

Number of persons in the household

48 major states

Alaska

Hawaii

1

$ 10 850

$ 13 530

$ 12 460

2

$ 14 570

$ 18 210

$ 16 760

3

$ 18 310

$ 22 890

$ 21 060

4

$ 22 050

$ 27 570

$ 25 360

5

$ 25 790

$ 32 250

$ 29 660

6

$ 29 530

$ 36 930

$ 33 960

7

$ 33 270

$ 41 610

$ 38 260

8

$ 37 100

$ 46 290

$ 42 560

For Each Additional Person, Add:

$ 3 740

$ 4 680

$ 4 300

The "relative poverty" is defined as "having significantly less access to income and well-being than other people." In 1999, the income of a family under the poverty line was $ 17 020. This represented 28.49% of the median (Lawson & Lawson, pp 78 - 96). In 1959 it was 42.64%. This suggests that a family in 1999, relatively speaking, less money, a poor family in 1959. The official poverty rate in the United States has ...