Formula revision shows higher poverty rate

Saturday, September 5, 2009 | 9:44 p.m. CDT; updated 6:50 p.m. CDT, Sunday, September 6, 2009

WASHINGTON — The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical costs and geographic variations in the cost of living.