Friday, September 18, 2015

U.S. Census: The Poor Are Staying Poor

The Census Bureau issued a new annual report on poverty and income in the U.S., finding that the number of poor Americans has remained steady from 2013 to 2014.  This financial stagnation is occurring despite some signs of economic growth; accordingly, some experts say this stagnation could be "fueling political dissent this campaign season."  The Census pegged the nation’s official 2014 poverty rate at 14.8 percent; translated this percentage means at least 46.7 million Americans struggled with poverty last year. 

On the bright side, the Census reported that the percentage of Americans without health insurance coverage declined (dropping from 41.8 million in 2013 to 33.0 million uninsured).

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