Poverty in the U.S. spikes

The forces at work, while being used for political gain, represent a shift in investment, capital flows from New York (West) to Shanghai (East). As money and investment flows from West to East, so does the general standard of living.

Poverty Hits 50 Year High:
The nation's poverty rate jumped to 14.3% in 2009, its highest level since 1994, and the 43.6 million Americans in need is the highest number in 51 years of record-keeping, the government said Thursday.

The Office of Management and Budget defined the poverty threshold level as less than $21,954 for a family of four in 2009. The poverty rate increased for all racial groups except Asians.

Source: money.cnn.com

Thanks Bob