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News Link • Economy - Economics USA

Why 20 percent of Americans can't afford food

• Terrence Aym
It's official: Americans are slipping into poverty at a rate that experts warn is accelerating. The U.S. Census continues to release figures that are not only disheartening, but frightening. Worse, as real household income declines, inflation is heating up. The U.S. Census released figures that are just the latest blow to worried Americans. The numbers show that things are getting worse, not better. During 2011 the median income among American households declined again—for the fourth year in a row—to $50,054. That translates into a 1.5 percent decline from 2010. The job market has also shrunk to levels last seen during 1989 as American families struggle with shrinking pocketbooks. The middle class is under siege...

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