U.S. Poverty Rose to 17-Year High, Income Fell

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Sept. 13 (Bloomberg) -- The U.S. poverty rate rose to the highest level in almost two decades and household income fell in 2010, underscoring the lingering impact of the worst economic slump in seven decades. Data released by the Census Bureau today showed the proportion of people living in poverty climbed to 15.1 percent last year from 14.3 percent in 2009 and median household income declined 2.3 percent. Shannon Pettypiece reports on Bloomberg Television's "InBusiness with Margaret Brennan." (Source: Bloomberg)

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