U.S. Poverty Rate Unchanged; Record Numbers Persist - KTVN Channel 2 - Reno Tahoe News Weather, Video -

U.S. Poverty Rate Unchanged; Record Numbers Persist

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The Census Bureau reports the number of Americans in poverty stood at 15% in 2011.

About 46.2 million people, or nearly 1 in 6, were in poverty. That is not statistically different from the 15.1% who were impoverished in 2010.

In all, the number of poor remained at record highs. The figures were better than the expectations of analysts who had predicted an increase due to persistently high unemployment.

The unemployment rate improved modestly in 2011, but wage growth was weak.

University of Michigan economist Sheldon Danziger calls the poverty figures surprising and a sign that expiring unemployment benefits were able to help workers for much of the year.

The median -- or midpoint -- household income was $50,054. That's a 1.5% decline from 2010. (AP)

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