Staggering New Poverty Data Released

According to the first SPM (Supplemental Poverty Measure) data, which was released last November, 49.1 million, or 16%, Americans lived in poverty in 2010, significantly more than the official poverty measure for the same time period, under which 46.6 million people, or 15% of Americans, were living in poverty. 

Without refundable tax credits the overall rate would grow from 16.1% to 18.9%.

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