Wednesday, April 1, 2009

Wealth & Poverty in the United States - Questions and Internet Research

1. How much and what are the wealth or assets percentage does the middle class people have?
The percentage for the middle class's major assets are 84 percent which is their home, checking and savings accounts, CDs and money market funds and pension accounts. (http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html).

2. What percent of white and black people are living in poverty?
The black people is 24.3 percent and the white people is 8.2 percent, the black people live three times in poverty than the white people. (http://newsinfo.inquirer.net/breakingnews/world/view/20070829-85300/36.5_million_live_in_poverty_in_United_States_--_report)

3. What is the median family income in the past 12 months by family size in New York?
New York
Estimate($) Margin of Error
Total: 62,138 +/-364
2-person families
52,891 +/-633
3-person families
62,882 +/-1,081
4-person families
75,513 +/-1,080
5-person families
72,803 +/-1,830
6-person families
71,810 +/-3,075
7-or-more-person families
68,267 +/-4,133
(http://www.census.gov/hhes/www/income/medincsizeandstate.html)

4. What is the poverty rate and number for the children under age 18?
The poverty rate increased from 16.7 percent in 2002 to 17.6 percent in 2003. The number in poverty rose from 12.1 million to 12.9 million. (http://www.census.gov/Press-Release/www/releases/archives/income_wealth/002484.html).
And one in six children would live "in official poverty at any given time". (http://www.fair.org/index.php?page=3172).

5. What are some programs that are allowed for the poverty?
Department of Health and Human Services:
◦ Community Services Block Grant
◦ Head Start
◦ Low-Income Home Energy Assistance Program (LIHEAP)
◦ Community Food and Nutrition Program
◦ PARTS of Medicaid (31 percent of eligibles in Fiscal Year 2004)
◦ Hill-Burton Uncompensated Services Program
◦ AIDS Drug Assistance Program
◦ State Children’s Health Insurance Program
◦ Medicare – Prescription Drug Coverage (subsidized portion only)
◦ Community Health Centers
◦ Migrant Health Centers
◦ Family Planning Services
◦ Health Professions Student Loans — Loans for Disadvantaged Students
◦ Health Careers Opportunity Program
◦ Scholarships for Health Professions Students from Disadvantaged Backgrounds
◦ Job Opportunities for Low-Income Individuals
◦ Assets for Independence Demonstration Program
• Department of Agriculture:
◦ Food Stamp Program
◦ Special Supplemental Nutrition Program for Women, Infants, and Children (WIC)
◦ National School Lunch Program (for free and reduced-price meals only)
◦ School Breakfast Program (for free and reduced-price meals only)
◦ Child and Adult Care Food Program (for free and reduced-price meals only)
◦ Expanded Food and Nutrition Education Program
• Department of Energy:
◦ Weatherization Assistance for Low-Income Persons
• Department of Labor:
◦ Job Corps
◦ National Farmworker Jobs Program
◦ Senior Community Service Employment Program
◦ Workforce Investment Act Youth Activities
• Department of the Treasury:
◦ Low-Income Taxpayer Clinics
• Corporation for National and Community Service:
◦ Foster Grandparent Program
◦ Senior Companion Program
• Legal Services Corporation:
◦ Legal Services for the Poor
"Major means-tested programs that do not use the poverty guidelines in determining eligibility include the following":
• Temporary Assistance for Needy Families (TANF) and its predecessor, Aid to Families with Dependent Children (AFDC) (in most cases)
• Supplemental Security Income (SSI)
• Earned Income Tax Credit (EITC)
• State/local-funded General Assistance (in most cases)
• Large parts of Medicaid (69 percent of eligibles in Fiscal Year 2004)
• Section 8 low-income housing assistance
• Low-rent public housing
These programs are programs that gives the poor people a fixed amount of money that is appropriate for each year. (http://aspe.hhs.gov/poverty/faq.shtml).

6.What is the 2009 federal poverty guidelines? (Poverty Guidelines is to determine the financial eligibility for certain federal programs)
The 2009 Poverty Guidelines for the
48 Contiguous States and the District of Columbia
Persons in family Poverty guideline
1 $10,830
2 14,570
3 18,310
4 22,050
5 25,790
6 29,530
7 33,270
8 37,010
For families with more than 8 persons, add $3,740 for each additional person.

2009 Poverty Guidelines for
Alaska
Persons in family Poverty guideline
1 $13,530
2 18,210
3 22,890
4 27,570
5 32,250
6 36,930
7 41,610
8 46,290
For families with more than 8 persons, add $4,680 for each additional person.

2009 Poverty Guidelines for
Hawaii
Persons in family Poverty guideline
1 $12,460
2 16,760
3 21,060
4 25,360
5 29,660
6 33,960
7 38,260
8 42,560
For families with more than 8 persons, add $4,300 for each additional person.

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