CALIFORNIA | LOCAL
September 25, 2013 |
Sixteen-year-old Mary Sem worries about her family. She has overheard her mother crying over memories of loved ones she lost to the Khmer Rouge. Her father and older sisters struggle to cover rent and the perpetual bills. Her college dreams are hitched to helping them. If Mary got a degree and a good job, "my family would be able to pay the bills on time," the teen said one day after school in Long Beach. "They wouldn't need to worry about anything. " The Sems, who trace their roots to Cambodia, have little in common with the stereotype of Asian Americans as a "model minority" that is faring well economically.
September 19, 2013 |
New census data released Thursday painted a grim picture of the economic recovery in the United States. Still there were bright spots in California. Poverty levels and household incomes for 2012 remained below 2007 levels in many parts of the country and haven't changed much from the year before. The number of Americans living in poverty -- a record 46.5 million -- remained largely unchanged in 2012. And the data show that the share of households with incomes below $24,999 stands at 24.4%.
September 17, 2013 |
WASHINGTON - The nation's poverty rate held at a near-generation-high of 15% last year, while the typical income of American households flattened, according to the Census Bureau. The bureau's annual report on income, poverty and health insurance suggests that the economic wounds from the Great Recession are patched up but the economy still is struggling to return to full health. In one respect, the data released Tuesday could be seen as positive because things seemed to stabilize after the devastating recession.
September 17, 2013 |
WASHINGTON -- Reflecting the sluggish economic recovery, the nation's poverty rate remained stuck at a near generation-high of 15% last year, while the average income of American households continued to stagnate, the Census Bureau reported Tuesday. The number of people living in poverty stood at 46.5 million in 2012, representing 15% of the country's population for the second year in a row. In 2010, the poverty rate reached 15.1%, the peak of the recent business cycle. The poverty figure was 12.5% in 2007, the year before the Great Recession.
August 6, 2013 |
CORTLAND, N.Y. - On a wall in his home, Mark Sanchez has an eye-catching piece of art, a super-sized back page of a New York tabloid from his rookie season in the NFL. It's not a memento from the 2009 draft, when the New York Jets traded up to make him the fifth pick, or a keepsake from a big win. Instead, it's a photo of the first-year quarterback trudging off the field after a five-interception performance in an overtime loss to Buffalo....
May 3, 2013 |
Contrary to popular perception, not all Asian Americans are basking in financial security and working high-income jobs after years of intensive schooling. The official poverty rate of Asian Americans in 2011 actually exceeded that of whites by 2.5 percentage points, according to the U.S. Census Bureau. The numbers are even more grim when adjusted for cost-of-living differences between regions. The Economic Policy Institute found that Asian Americans tend to cluster around relatively expensive cities in the Northeast or West.