US se­vere poverty wors­ens in 2016

The av­er­age in­come dif­fer­ence be­tween those in se­vere poverty and the poverty line was $10,505 in 2016, up from $9,509 in 2000.

The Sunday Guardian - - Business - IANS

WASHINGTON: A study has shown that se­vere poverty in the US has wors­ened in 2016, ris­ing to al­most half of all those liv­ing in poverty.

Se­vere poverty, which is de­fined as those with in­come be­low half of the poverty level, makes up 45.6% of all those im­pov­er­ished pop­u­la­tion, the high­est point in 20 years, the study by the Pew Re­search Cen­tre re­vealed on Fri­day.

Se­vere poverty rate was 39.5% in 1996, the US Cen­sus Bureau said.

Ac­cord­ing to the Cen­sus Bureau, the poverty level in 2016 was put at $12,000 for sin­gle-per­son fam­i­lies and $25,000 for a fam­ily of four, re­ports Xin­hua news agency.

The me­dian house­hold in­come for all house­holds was $59,039 in 2016, and $75,062 for fam­ily house­holds.

The anal­y­sis also re­vealed that not only the per­cent­age of those in se­vere poverty has been steadily ris­ing, those in the most ex­treme cases also saw their in­come fall fur­ther be­low the pov- erty line.

The av­er­age in­come dif­fer­ence be­tween those in se­vere poverty and the poverty line was $ 10,505 in 2016, up from $9,509 in 2000.

The trend was cou­pled with a dip in over­all poverty rate, which was 12.7% last year, close to the pre-re­ces­sion level of 12.5% in 2007. The US Com­merce De­part­ment has notched up pro­posed trade du­ties on Bom­bardier Inc CSeries jets to nearly 300%, af­firm­ing Boe­ing Co’s com­plaint that the Cana­dian com­pany re­ceived il­le­gal sub­si­dies and dumped the planes at “ab­surdly low” prices.

The de­ci­sion un­der­scored the de­fen­sive trade pol­icy of US President Don­ald Trump, and could ef­fec­tively halt sales of Bom­bardier’s in­no­va­tive new plane to US air­lines by qua­dru­pling the cost of the jets im­ported to the United States.

The Com­merce De­part­ment pro­posed a 79.82% an­tidump­ing duty on Fri­day, on top of a 219.63% duty for sub­si­dies an­nounced last week.

The new duty fol­lows a pre­lim­i­nary find­ing that Bom­bardier sold 75 CSeries jets be­low cost to Delta Air Lines Inc in 2016. The to­tal was well above the 80% Boe­ing sought in its com­plaint.

The pro­posed du­ties would not take ef­fect un­less af­firmed by the US In­ter­na­tional Trade Com­mis­sion (ITC) early next year.

The du­ties are ex­pected to heighten trade ten­sions be­tween the United States, Canada and Bri­tain, where CSeries wings are made. The United States, Canada and Mex­ico also are ne­go­ti­at­ing to mod­ernise the North

The me­dian house­hold in­come for all house­holds was $59,039 in 2016, and $75,062 for fam­ily house­holds.

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