18
Sep
2005

Poverty Increases as Incomes Decline Under President Bush

by Gene C. Gerard

The day after Hurricane Katrina hit, exposing much of the public to the tragic conditions of poverty in America, the Census Bureau quietly released its annual report entitled, “Income, Poverty, and Health Insurance Coverage in the United States.” In some respects, it provided a demonstrable backdrop to the pockets of poverty common to New Orleans and other cities. It also explained why, despite President Bush’s assertion last month that, “Americans have more money in their pockets,” many people aren’t faring as well as they once did. The report indicates that in 2004 there was no increase in average annual household incomes for black, white, or Hispanic families. In fact, this marks the first time since the Census Bureau began keeping records that household incomes failed to increase for five consecutive years. Since President Bush took office, the average annual household family income has declined by $2,572, approximately 4.8 percent....

//www.dissidentvoice.org/Sept05/Gerard0918.htm
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