Top 10 States With Extreme Poverty
NEW YORK ( TheStreet) -- There is poverty, and then there is extreme poverty. People talk about the "New Normal," where the economy is growing at a lower rate, the stock market is barely changing, etc.
Even if we assume that the U.S. GDP per capita grows at a respectable 2% per year, it would take more than 35 years to double the incomes of U.S. households. Even in this scenario, where the incomes of every single person in this country doubles, there will still be widespread poverty in all corners of this country.
Currently, 19 million Americans live in extreme poverty. Previously, we published the list of the
Wyoming has the lowest extreme poverty rate in America, followed by New Hampshire and Alaska. * D.C. is not a state but considering that it is more crowded than Wyoming, we can statistically consider it as a state.
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