Chart of the Day #2: Poverty Rates Decline Sharply in 2015


The latest estimate of poverty from the Census Bureau is similar to their estimate of income: the good news is that poverty dropped substantially in 2015, but the bad news is that we still have a ways to go before we reach pre-recession levels. Among working-age adults, poverty levels fell from 13.5 percent to 12.4 percent, a decline of nearly a tenth. However, the poverty rate among working-age adults was around 10-11 percent from 1990-2007:

The report claims that new estimates of poverty using the SPM, which should be more accurate than the old measure, are also available, but the URLs they provide lead nowhere. I guess they’re a little behind. Presumably this stuff will be available shortly.