Overall USA Poverty Rate Marginally Improves

September 18th, 2014
in econ_news

from the Department of Health and Human Services

The Census Bureau released data indicating that the overall poverty rate in 2013 was 14.5 percent – a decrease from 15.0 percent in 2012. This change was the first decrease since 2006. This represents 45.3 million people living in poverty in 2013. Persons are considered poor if they have family incomes below the poverty threshold. The poverty threshold for a family of four was $23,834 in 2013.1

Median household income was $51,939 in 2013, which is not statistically different from the 2012 median. For each year between 2007 and 2011 median household income decreased. From 2011 to 2013, median household income remained unchanged.

Follow up:

The total number of children in poverty in 2013 was 14.7 million, a decrease from 16.1 million in 2012. The child poverty rate was 19.9 percent, a decrease from the 2012 rate of 21.8 percent. The change in the child poverty rate represented the first decrease from the previous year since 2000.

For African-American children, the poverty rate reported today was 36.9 percent for 2013. The rate for Hispanic children was 30.4 percent. For non-Hispanic, White children the rate was 10.7 percent.

Related children living in female-headed families with no spouse present had a poverty rate of 45.8 percent, over four times the rate of children in married-couple families (9.5 percent).

The poverty rate for people age 65 and over was 9.5 percent, which is statistically unchanged from 2012. There were 4.2 million people age 65 and over living in poverty in 2013, which is a statistically significant increase from 3.9 million in 2012.

In 2013, 6.3 percent of all people, or 19.9 million people, lived in deep poverty (had income below one-half the poverty threshold, or $11,917 for a family of four).

These figures reflect money income only and do not reflect in-kind public supports or tax credits. More detailed data incorporating these and other noncash benefits and how they affect measures of poverty will be available in late October.

[click on image below to read the entire report]

Source: http://aspe.hhs.gov/hsp/14/PovertyAndIncomeEst/ib_poverty2014.pdf

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