America's poverty rate declined from 15 percent in 2012 to 14.5 percent last year, marking the first statistically significant decrease since 2006, according to new figures from the U.S. Census Bureau.
An increase in the number of year-round, full-time workers helped lower the overall poverty rate, Census Bureau officials said. Between 2012 and 2013, the number of men and women working full time, year-round with earnings increased by 1.8 million and 1.0 million, respectively, the figures showed. In 2013, a total of 60.8 million men and 45.1 million worked full-time.
The child poverty rate also dropped significantly from 21.8 percent in 2012 to 19.9 percent in 2013, while the share of uninsured Americans also fell slightly during the same time.
Despite bright spots in the new Census reports on income, poverty and health insurance, Robert Greenstein with the Center on Budget and Policy Priorities said the economy strengthened too slowly in 2013 "to improve the living standards of many middle- and low-income Americans." Read more »