One of eight Americans are poor

One in eight persons living in the world's richest nation is considered poor, but then in America the official poverty level for a family of four with two children is $20,444 per annum. Indian American families have an average income of $61,322. Official figures released by the Census Bureau suggest the share of Americans living in poverty has finally dropped after five years to 12.3 percent in 2006, from 12.6 percent a year ago, as median household income increased slightly to $48,200.