Many people in the lower- and middle-income classes are feeling the stress from the high cost of living.

The government puts the poverty line for a family of four at $32,150. But a Wall Street portfolio manager has ignited a robust debate by calculating the figure in the real world to be four times ...

WASHINGTON — The ranks of America’s poor are greater than previously known, reaching a new level of 49.1 million — or 16 percent — due to rising medical costs and other expenses that make it harder ...

Last year, 11.6% of people in the U.S. lived below the federal poverty level, a number that has ticked up in recent years, according to the Census Bureau. Experts say those numbers may be even higher ...

WASHINGTON -- The official poverty rate for Americans 65 years and older has stood for years at 10 percent, the lowest rate among age groups. But the true rate could be nearly twice that high, ...

A revised formula for calculating medical costs and geographic variations show that approximately 47.4 million Americans last year lived in poverty, 7 million more than the government's official ...

WASHINGTON -- The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical ...

The level of poverty in America is even worse than first believed. A revised formula for calculating medical costs and geographic variations show that approximately 47.4 million Americans last year ...