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Poverty Rates Increased in 2010 – What Are You Doing About It?

Poverty rates are up

On Sept. 13th, 2011 – the U.S. Census Bureau announced that in 2010, poverty rates in the U.S. increased to 15.1 percent. That makes it the third consecutive annual increase in poverty rates. Poverty rates in the U.S. were reported at 14.3 percent in 2009. Poverty rates are now at their highest in 18 years.

To put that into prospective: Poverty in America was estimated to affect 46.2 million people. As you drive down the interstate on your way home, consider that 1 out of 15 cars around you – contains a family struggling in poverty!

Question is: What are poverty rates at today?

How do you define poverty rate?

The Federal Poverty Level

Here’s the federal poverty levels for 2010: A family of four at a combined annual income of $22,314. For a single person, the Federal Poverty Level is set at $11,139.

The nation’s median household income last year was $49,445, 2.3 percent lower than 2009 levels. Median household income, adjusted for inflation, was lower last year than any year since 1997! Really? I hope that you are not still counting on the government’s economic recovery to save you…

Something needs to be done! Poverty reduction plans are obviously NOT working! While you may not be living at current poverty levels – that level is affecting more and more people. Jobs are not working! It is just a matter of when, not if – you are affected… unless – you start planning now for the future.

What picture develops in your mind when you hear the words: layoffs… mergers… and… downsizing? Are you concerned you’ll fall victim to one of them? Or has it already happened to you?

How to Solve Poverty

poverty or wealth - it's your choicePoverty Reduction, or better yet – Poverty avoidance, can only be accomplished by every person taking responsibility to find and work for – something else… I believe that “something else”, is additional income from a home business.

In the process of searching for the perfect home business that would create lasting wealth for me and my family, I discovered the three most powerful words in the English language… “Yes, I can!”

From that “Yes, I can” attitude, I learned that you have to study how those who are wealthy – create wealth. Have you ever thought about it? What do the Wealthy buy on payday?

Now how about you? Is “Yes I Can” a part of your vocabulary? Now is the Time for action!

To Your Success!

John Domzalski

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