Friday, September 18, 2020

The U. S. Poverty Rate Was 10.5% in 2019, An All-Time Low

See Income, Poverty and Health Insurance Coverage in the United States: 2019 from The Census Bureau.

There is a time line chart below as well as a table of the historical data. Here is an excerpt from the report which has many more details:

"The U.S. Census Bureau announced today that median household income in 2019 increased 6.8% from 2018, and the official poverty rate decreased 1.3 percentage points. Meanwhile the percentage of people with health insurance coverage for all or part of 2019 was 92.0% and 8.0% of people, or 26.1 million, did not have health insurance at any point during 2019, according to the 2020 Current Population Survey Annual Social and Economic Supplement (CPS ASEC).

Median household income was $68,703 in 2019, an increase of 6.8% from the 2018 median. Between 2018 and 2019, the real median earnings of all workers increased by 1.4%, while the real median earnings of full-time, year-round workers increased 0.8%. The 2019 real median earnings of men and women who worked full-time, year-round increased by 2.1% and 3.0%, respectively, between 2018 and 2019. The difference between the 2018-2019 percent changes in median earnings for men and women working full-time, year-round was not statistically significant. The number of full-time, year-round workers increased by approximately 1.2 million between 2018 and 2019. Between 2018 and 2019, the total number of people with earnings increased by about 2.2 million.

The official poverty rate in 2019 was 10.5%, a decrease of 1.3 percentage points from 11.8% in 2018. This is the fifth consecutive annual decline in the national poverty rate. Since 2014, the poverty rate has fallen 4.3 percentage points, from 14.8% to 10.5%. The 2019 poverty rate of 10.5% is the lowest rate observed since estimates were initially published for 1959. The number of people in poverty in 2019 was 34.0 million, 4.2 million fewer people than 2018."

The historical data comes from Historical Poverty Tables: People and Families - 1959 to 2019 by The Census Bureau.

 

Year

Rate

 

Year

Rate

 

Year

Rate

1959

22.4

 

1980

13

 

2001

11.7

1960

22.2

 

1981

14

 

2002

12.1

1961

21.9

 

1982

15

 

2003

12.5

1962

21

 

1983

15.2

 

2004

12.7

1963

19.5

 

1984

14.4

 

2005

12.6

1964

19

 

1985

14

 

2006

12.3

1965

17.3

 

1986

13.6

 

2007

12.5

1966

14.7

 

1987

13.4

 

2008

13.2

1967

14.2

 

1988

13

 

2009

14.3

1968

12.8

 

1989

12.8

 

2010

15.1

1969

12.1

 

1990

13.5

 

2011

15

1970

12.6

 

1991

14.2

 

2012

15

1971

12.5

 

1992

14.8

 

2013

14.8

1972

11.9

 

1993

15.1

 

2014

14.8

1973

11.1

 

1994

14.5

 

2015

13.5

1974

11.2

 

1995

13.8

 

2016

12.7

1975

12.3

 

1996

13.7

 

2017

12.3

1976

11.8

 

1997

13.3

 

2018

11.8

1977

11.6

 

1998

12.7

 

2019

10.5

1978

11.4

 

1999

11.9

 

 

 

1979

11.7

 

2000

11.3

 

 

 


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