Seesaw Economy: Nearly One in Three Dipped Into Poverty

In America’s new normal, plenty of Americans will tumble into poverty at some point – but few will be stuck there forever.

Nearly one in three Americans experienced a stint of poverty between 2009 and 2011, a new Census Bureau report finds, but only a fraction of those people were stuck below the poverty line for the entire three-year period.

“There’s a lot of movement in and out of poverty,” said Ann Stevens, director of the Center for Poverty Research at UC Davis.

That’s partly due to the weak recovery, in which one small victory can push someone above the poverty line – but another setback can shove that person right back down.

More: http://www.nbcnews.com/business/economy/seesaw-economy-nearly-one-three-dipped-poverty-n17111

Seesaw Economy: Nearly One in Three Dipped Into Poverty

Seesaw Economy: Nearly One in Three Dipped Into Poverty

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