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The Census Bureau says the US poverty, the rate, is expected to rise to 15.7%. That would be the highest level since 1965. Moreover, this could become an issue for President Obama, as this report is released just before the presidential election. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to examine the rise in the poverty rate and what that really means to investors, the president, and the overall economy.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: economy, financial advisor, fox business, investor, poverty rate, president obama, presidential election, wealth manager