Tag: US poverty

• Wednesday, December 27th 2017 - 09:52 UTC

  US poverty rate down; but top 5% of families accounted for more than one fifth of total income in 2016

  

  A stronger US economy lifted American household incomes in 2016 and drove the poverty rate down to the level seen before the financial crisis. The median household income increased by 3.2% to US$59,039, rising for a second consecutive year as more people found full time jobs.

• Monday, September 23rd 2013 - 19:14 UTC

  First signals of US congressional clash: Republicans vote to cut food stamp benefits

  

  US lawmakers have narrowly voted to cut food stamp benefits from next year despite a veto threat from the White House and opposition from lobby groups. The Republican-led House of Representatives passed the bill by 217-200. But it has little chance in the Democratic-held Senate.

• Wednesday, September 18th 2013 - 00:49 UTC

  Poverty rate in the US steady at 15%, which represents 46.5 million people

  

  The U.S. Census Bureau reported Tuesday that median household income in the United States in 2012 was 51,017 dollars and the official poverty rate was 15%, which is 2.5 percentage points higher than in 2007. Neither figure represents a statistically significant change from 2011.