Poverty is rising, or is it?

According to a new study released today it appears that Poverty in the US is rising, but according to a deeper look at the study it appears more to be a shift in dynamic of the distribution.

Richer classes, earning over $100,000 saw an increase in their overall income, whilst middle classes saw their income stable at $49,777.

The increase in distribution of wealth appears to be a result of poorer families struggling whilst richer incomes appear to be doing well.

"Over that period of time, it's not that the American economy has necessarily performed badly,"said Paul Osterman. "As a country we're richer over that period, but there's been this real shift in where the income has gone, and it's to the top."

"You would expect with so many people unemployed, the poverty rate would go up. It's just another sign of what a difficult time this is for so many people."

It seems that middle classes however have come through the credit crunch and recession relatively unscathed.

With more and more falling below the poverty line, it could see a rise business funding to protect people in danger of falling into the disease stricken category.

"This is one more piece of bad news on the economy," said Ron Haskins, co-director of the Center on Children and Families at the Brookings Institution. "This will be another cross to bear by the administration."

Full report:

http://www.census.gov/prod/2011pubs/p60-239.pdf