Millions climb out of poverty in U.S.
Click here for reuse options!“It all came together at the same time,” said Diane Swonk, an independent business economist in Chicago. “Lots of employment and wages gains, particularly in the lowest-paying end of the jobs spectrum, combined with minimum-wage increases that started to hit some very large population areas.”
Poverty declined among every group. But African-Americans and Hispanics — who account for more than 45 percent of those below the poverty line of $24,300 for a family of four in most states — experienced the largest improvement.
Government programs — like Social Security, the earned-income tax credit and food stamps — have kept tens of millions from sinking into poverty year after year. But a main driver behind the impressive 1.2 percentage point decline in the poverty rate, the largest annual drop since 1999, was that the economy finally hit a tipping point after years of steady, if lukewarm, improvement.
Copyright 2016 Liberaland
3 responses to Millions climb out of poverty in U.S.
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Budda September 26th, 2016 at 08:26
Hillary might start with this tonight.
Dwendt44 September 26th, 2016 at 11:24
Fox News for got to mention it.
Rick3 September 26th, 2016 at 13:55
Reminder: There are still 43 million under the poverty line; we have had the greatest increase in SNAP benefits in history; most jobs created are part-time with little if any benefits; mandated ObaMAOnoCare is a dismal and expensive failure that will hit everyone’s pocketbook next year if it is not repealed or greatly modified; and there are still well over 20 million unemployed that no longer receive unemployment benefits (where employment numbers actually come from) and are not included in the numbers. Look at the “labor participation rate” not the DOL unemployment rate.
YOU are being lied to and misled by the govt and the press to make our reality look rosier in order to perpetuate the ObaMAO ‘Screw America’ agenda.