Poverty Rate of Latinos Climbs 28%

Latinos have gained political recognition over there tremendous turn out in this past election, they are also decreasing in there economical push as seen in a new Census.

Latinos poverty rates climbed to 28 percent after the census reconfigured its  algorithm to take into account medical costs and government programs. The  Hispanic poverty level rose after the government took into account safety-net  programs such as food stamps and housing, which have lower participation among  immigrants and non-English speakers.

Among the Findings:

—If it weren’t for Social Security payments, the poverty rate would rise to  54.1 percent for people 65 and older and 24.4 percent for all age groups.

—Without refundable tax credits such as the earned income tax credit, child  poverty would rise from 18.1 percent to 24.4 percent.

—Without food stamps, the overall poverty rate would increase from 16.1  percent to 17.6 percent.

“These figures are timely given the looming expiration of two key measures  that account for part of these programs’ large antipoverty impact: federal  emergency unemployment insurance and improvements in refundable tax credits”  such as the Earned Income Tax Credit, said Arloc Sherman, a senior researcher at  the Center for Budget and Policy Priorities, a liberal-leaning think-tank.  “Letting these measures expire at year’s end could push large numbers of  families into poverty.”

 Overall, the ranks of America’s poor edged up last year to a high of 49.7  million, based on the new census measure.