Census: US Poverty Rate Falls In 2016

Census: US Poverty Rate Falls In 2016

The number of those without health care coverage is also down. Poverty among Latinos was 19 percent in 2016, little changed from 1973.

The percentage of Americans without health insurance fell three tenths of a percent to 8.8 percent.

The data also showed that health insurance coverage continued to expand in 2016.

"Over the past several decades Census Bureau reports have found that the average one year risk of poverty tends to vary between 11 and 15 percent".

The strong job market drove the income increase, experts said.

A person earning the median income in 2015, for example, took home $4,200 less, accounting for inflation, than they did 10 years earlier. The mean household income for the poorest fifth of households fell by $571 over the decade that ended a year ago, adjusting for inflation.

A family of four that is renting in the San Jose area would have to earn more than $37,400 a year to leave poverty.

Nationwide, black households saw the most pronounced increase in median household income previous year, at 5.7 percent ($39,490). The mean for the wealthiest fifth of households increased by $13,479, also adjusting for inflation. The real median earnings of full-time, year-round working men were 1.1 percent lower in 2016 than in 2007.

It's another layer on the paint-by-numbers portrait Statistics Canada began in February with a population boom out West, which saw a commensurate spike in the number of households. But the female-to-male earnings ratio grew slightly more equal - and this is the first time the measure "has experienced an annual increase since 2007", according to the Census Bureau. As more Americans find jobs or move into full-time work, households are seeing their incomes rise.

Incomes climbed higher for Americans at every level, but the gains were sharpest for those at the top.

In 2016, there was no significant change in America's income inequality, as measured by the Gini coefficient.

"Those linkages by demographic characteristics really matter", said Jennifer Robson, an assistant professor of public policy at Carleton University in Ottawa, and a member of the school's Centre for Studies on Poverty and Social Citizenship.

"What it did say was that increased employment is what's driving these numbers". Hispanics saw their poverty rate fall to 19.4%, down from 21.4%. That's a difference of $24,104, up from $23,035 in 2015 and just $5,318 when the series started in 1967. There were 40.6 million people living in poverty. That was among people 65 and older.

Still, wage and price growth remain subdued despite low unemployment: 4.7% at the end of 2016, down from its recession-era high of 10%.

That brings the proportion of households living below the poverty line back to pre-recession levels, though it remains about one and half percentage points higher than its lowest point, in 2000.

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