Sep 15, 2011

1 in 6 Americans is poor

says Times of India.

And the definition of poor American family of four with two kids is one with an income of $22,113 a year.At INR 45 exchange rate that is 995085 , which is just around 5000 short of being a millionaire. 

"The overall poverty rate climbed to 15.1%, or 46.2 million, up from 14.3% in 2009" claims the article.

Again comparing to a number in India, more than 1 Billion people earn far more less than that as on 2010



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