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21 September 2011
US poverty level reaches record high
Euronews.net - Nearly one in six Americans are living in poverty. That is the result of the US Census Bureau’s annual report.
The 2010 data revealed a record 46.2 million people pushed the poverty rate to its highest level since 1993.
The number of Americans living below the poverty line has now risen for four years in a row. The figures showed that children under the age of 18 suffered the highest poverty rate at 22 per cent.
There is scope for disappointment though. The Euro slipped 0.5 percent against the dollar off a one week peak hit on Thursday but well above the seven month trough it sank to on Monday.
London remained positive the FTSE nosed higher. Gains were led by banks as Credit Suisse, ING and Societe Generale jumped more than four per cent.
