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Report: Almost half of U.S. families earning below 250 percent of poverty level

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More than half of American families live on less than $60,000 a year, and almost half have earnings that are just two and a half times the federal poverty level, according to a study released by the Hamilton Project on Wednesday, when President Obama is scheduled to take the podium to draw renewed attention to income inequality in America. The study is meant to draw attention to the conditions...

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