U.S. sees biggest yearly jump in poverty rate in 60 years

Author: Leigh Lynes

New data released Wednesday by researchers at the University of Chicago and the University of Notre Dame shows the poverty rate increased to 11.7 percent in November, up 2.4 percentage points since June, marking the fifth straight month of incline. In that time span, around 7.8 million Americans have fallen below the poverty line, or an income of $26,200 for a family of four.

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