Study: Extreme poverty rises sharply in U.S.

February 24, 2012 1:05:26 PM PST
The number of families living in extreme poverty in the U.S. has more than doubled in the past 15 years, according to a new study released by researchers at the University of Michigan and Harvard University.

Nearly 1.5 million families say they lived on $2 a day or less per person for at least one month in 2011. That's up from 636,000 families in 1996.

Benefits like food stamps did make a difference. When factored in, the number of families living in extreme poverty drops to 800,000. However, the rate of extreme poverty is still almost double what it was in the mid-1990s.


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