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Reporting from Los Angeles and Denver - In 2008, the median household income in the United States plummeted 3.6% from the year before, and the percentage of people living in poverty soared to an 11-year high, recently released U.S. Census data reveal.
Economists say the bleak news -- which they blame on the slew of layoffs that have accompanied the economic downturn -- is significant, if not entirely surprising.
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