Monday, March 5, 2012

New study: 1.46 million are living on less then $2 per day

Posted: Monday, March 5, 2012

In a new study from researchers at the University of Michigan and Harvard University, "the number of families living on $2 or less per person per day for at least a month in the U.S. has more than doubled in 15 years to 1.46 million" people.

Last year, state and federal governments spent $900 billion on 70 different programs that help those in need, from energy assistance and college grants to health care and food stamps. According to a researcher at the Heritage Foundation, most of the aid provided to the poor comes in the form of non-cash assistance. "Because the study shows households in extreme poverty for a month, it is more reflective of people losing jobs, getting divorces or having short-term crises"

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