Home / Spotlight: National poverty rate returns to pre-recession level /

Spotlight: National poverty rate returns to pre-recession level

After two successive annual declines, the official U.S. poverty rate was 12.7 percent in 2016 and statistically identical to the 12.5 percent rate of 2007—the year before the start of the so-called Great Recession—according to U.S. Census figures released Sept. 12. Recent three-year state averages ranged from a high of 20.8 percent in Mississippi to a low of 6.9 percent for New Hampshire. Income and Poverty in the United States: 2016, based on information collected in the Current Population Survey, estimates that 40.6 million Americans lived in poverty last year—some 6 million fewer than in 2014.

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email madams@bridgetowermedia.com.

Leave a Reply

Your email address will not be published.


Check Also

Spotlight: Despite decline, consumers report a modicum of optimism

Despite a decline in overall consumer sentiment in New York State for the second straight quarter, every demographic group polled ...