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In the past five months alone, some 7.8 million Americans fell into poverty, according to a new report released Wednesday by researchers at the University of Chicago and the University of Notre Dame. 

In order to fall below the federal poverty line, one has to have an income at or below $12,000, or $26,200 for a family of four. 

The poverty rate surged to 11.7% in November, up 2.4 percentage points since June. This five-month spike is the largest jump in a single year since the US government began tracking poverty 60 years ago, details ⇒

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