Triangle Business Journal
By: Lauren K. Ohnesorge
September 12, 2012
The 2011 annual report puts more than 46 million Americans now living below the federal poverty line of $22,350 for a family of four.
Income poverty stands at 15 percent - but 27 percent of households are living in what CFED calls "asset poverty" - lacking the assets necessary to cover basic expenses for three months if they were to lose their source of income.
A total of 43 percent of Americans are "liquid asset poor," the report reads, showing that, if you remove homes, cars, businesses and other assets that can't easily be converted to cash, those Americans couldn't cover basic expenses for three months without income.