Word: poorest
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Dates: during 1980-1989
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...From 1977 to 1988, the inflation-adjusted income of the families who make up the poorest 10% of the population has declined more than 10%. The total number of people living below the poverty line fell from almost 40 million in 1960 to less than 23 million in 1973, but shot up to 35.3 million in 1983 and has remained near there ever since...
...Congressional Budget Office study, only the top 10% of the population received a significant net tax cut between 1977 and 1988; most of the other 90% paid a higher share of their incomes to Washington. At the extremes, the richest 1% got a net tax savings of 25%; the poorest tenth of workers saw 20% more of their incomes swallowed by taxes...
...lacking either a surplus of good jobs or a willing philanthropist. His notion of asking investment bankers and college administrators to devise investment programs that will allow families to set aside funds today against the cost of their children's college educations will do little or nothing for the poorest Americans...
...Angeles fashion world, weaves her favorite colors -- fuchsia, chartreuse and orange -- into her fabrics with yards of colored ribbon sewn onto black taffeta. "Using bright colors this way draws on my heritage," she says. "When I was a girl in Michoacan, Mexico, I admired the way even the poorest people made use of color. They take raw color and use it in a very honest...
...resumption of strong growth in the developing world and the creation of viable markets for our exports in the future. Accordingly, we will follow the example of France, which prior to the summit announced that it was canceling one-third of the debt owed to it by the "poorest countries," many of them former French colonies. For developing countries in general, we will forgive at least 20% of the debt owed to our governments. We will work toward a similar cancellation of private bank loans, offering tax incentives so that the cost of the action will be shared...