A healthy 55-year-old man can expect to pay $925 annually for $164,000 in current long-term care insurance benefits, accordin...Read more
Ranks of Poor Swelled Last Year
- September 26th, 2002
The percentage of Americans living in poverty rose significantly last year, registering the first increase in nearly a decade, according to the Census Bureau's annual report on income and poverty. At the same time, the income of middle-class households fell for the first time since 1991. The findings are evidence that the recession that began in March 2001 has affected large segments of the population.
The Census Bureau said the number of poor Americans swelled to 32.9 million in 2001, an increase of 1.3 million, while the proportion living in poverty climbed to 11.7 percent, from 11.3 percent in 2000. The poverty rate for families rose to 9.2 percent, from a 26-year low of 8.7 percent in 2000.
The gap between rich and poor continues to grow, the report suggested. While average income for the top 5 percent of households rose by $1,000 last year, to $260,464, the average declined or stayed about the same for most other income brackets.
For a New York Times article on the Census Bureau report, click here. Free registration on the site is required.
Local Elder Law Attorneys in Ashburn, VA
Hale Ball Carlson Baumgartner Murphy PLC
Attorney Samantha Simmons Fredieu is an associate at Hale Ball. Ms. Fredieu graduated magna cum laude from Vermont Law School where she was the symposium editor on the Vermont Law Review, a production editor on the Vermont Journal of Environmental Law, and a member of the Moot Court Advisory Board. She has clerked for...
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...
Needham Mitnick & Pollack, PLC
Susan Pollack served as Chairperson of the Falls Church Senior Citizens Commission from 1997 to 2011 and was on the Executive Board of the Falls Church Education Foundation. She has also served on the Board of Directors of the Alzheimer’s Association of the National Capital Area and is a member of the Arlington B...