Nov 22, 2012

Latino Poverty Rate Climbs to 28% | #economy

Fox News - Latinos poverty rates climbed to 28 percent after the census reconfigured its algorithm to take into account medical costs and government programs. The Hispanic poverty level rose after the government took into account safety-net programs such as food stamps and housing, which have lower participation among immigrants and non-English speakers.

Among the figures: 
 —If it weren't for Social Security payments, the poverty rate would rise to 54.1 percent for people 65 and older and 24.4 percent for all age groups.

—Without refundable tax credits such as the earned income tax credit, child poverty would rise from 18.1 percent to 24.4 percent.

—Without food stamps, the overall poverty rate would increase from 16.1 percent to 17.6 percent.

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http://latino.foxnews.com/latino/lifestyle/2012/11/14/latino-poverty-rate-climbs/