Nearly Half of All Young Americans, 6 Million Californians, Officially Living in Poverty
So the Great Recession has been over for nearly two years, huh?
The latest U.S. Census data indicates the United States has more people living in poverty than, oh, ever. Well, almost ever. The 46.2 million of Americans below the line are as many as have been recorded in the 52 years government officials have been tracking the number (that doesn't include the Great Depression).
Nearly one in six of the people around you is now officially poor. In California, it's worse:
More than 6 million people are officially living in poverty, or 16.3 percent of us. That's the equivalent of nearly two-thirds of L.A.'s population or more than six San Franciscos.
The median household income in California has fallen to $54,459, which is down 9 percent since 2006. The Sacramento Bee says "California household income dropped about twice as quickly last year as household income nationwide."
Median U.S. household income is at $49,445.
The Census also says more adult children are coming back to live with mommy and daddy as a result of the recession: 21.8 million of them last spring versus 19.7 in 2007
If you took them away from their parents' wallets, Americans ages 25 to 34 would have a whopping poverty rate of 45.3 percent.