The U.S. poverty rate declined slightly last year, but finally fell below the 2007 level, right before the Great Recession pushed millions of Americans out of work and into financial distress. The improving economy was a key factor in the decline. The U.S. Census Bureau noted in its annual report on income and poverty that there were 2.3 million more full-time, year-round workers last year and that median earnings for all such workers rose by more than three percent. Amid these positive signs, the bureau reported separately that the number of people in the U.S. who did not have health insurance rose from 25.6 million people in 2017 to 27.5 million in 2018. That included 4.3 million children. Health advocacy groups called the increase extremely...
READ MORE >
U.S. Census Bureau Reports Poverty Rate Down, But Millions Still Poor