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**Poverty rate rises in America
NEW YORK (CNNMoney) – About 46.2 million people are now considered in poverty, 2.6 million more than last year.
The government defines the poverty line as income of $22,314 a year for a family of four and $11,139 for an individual. The Office of Management and Budget updates the poverty line each year to account for inflation.
Middle-class wealth falls: For middle-class families, income fell in 2010. The median household income was $49,445, down slightly from $49,777 the year before.
More children in poverty: The poverty rate for children under age 18 increased to 22% in 2010, meaning more than 1 in 5 children in America are living in poverty.
South hit the hardest: For the fifth year in a row, Mississippi households were the poorest in the country, this time with a median income of $37,985. New Hampshire households had the highest median income, at $66,707.
Among different regions of the country, the South had the highest poverty rate at 16.9%, while the Northeast had the lowest rate at 12.8%.
The poverty rate was 13.9% in the Midwest and 15.3% in the West.
The income used to calculate poverty status includes earnings, workman’s compensation, unemployment insurance, Social Security, veteran’s payments, pensions, interest and dividends, and just about every other source of cash.
It does not, however, include capital gains, so, theoretically, millionaires could qualify as poor if they lived solely by selling off investments.
Non-cash benefits, such as food stamps or subsidized rents, also do not count as income.
****http://money.cnn.com/2011/09/13**/news...y_rate_income/](http://money.cnn.com/2011/09/13/news/economy/poverty_rate_income/)