Why More Americans Are Being Pushed Into Poverty | CNBC Marathon

CNBC Marathon examines causes of poverty in the U.S., including rising credit card debt and lifestyle creep. 37.9 million Americans are currently living in poverty, accounting for 11.6% of the total population. That’s despite the fact that America ranks first as the richest nation in the world in terms of GDP. Child poverty alone is estimated to cost the U.S. over $1 trillion based on the latest research.

Courtesy of CNBC on YouTube. Watch on YouTube ↗

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