Tag

Poverty Rate

All articles tagged with #poverty rate

economy24 days ago•3 min saved

Record 2025 incomes mask widening gap for the lowest earners

U.S. Census data for 2025 show real median household income rising to $87,460 (up 2.6%) and after-tax income up 3.1%, with the official poverty rate at 10.2% and child poverty at 13.4%. But gains were uneven: the bottom 10% saw little improvement while the top 10% gained, the top 20% captured about 52% of total income and the bottom 20% just 3%. Hispanics saw poverty fall to a record low, yet uninsured rates remain high (21.8% of Hispanic adults 19–64), highlighting persistent economic and health-security gaps despite strong topline numbers.

via Axios|

#census-2025 #economy #health-insurance

economy3 years ago•4 min saved

"White House Braces for Surge in Poverty Rate"

The White House is bracing for a significant increase in the U.S. poverty rate as the pandemic-era child tax credit (CTC) expansion comes to an end. The Census Bureau is set to release its annual report on poverty, income, and health insurance, and the Council of Economic Advisers (CEA) expects a sharp rise in the Supplemental Poverty Measure. The expanded CTC, which expired in December 2021, lifted millions of children out of poverty in 2021. Democrats argue that Congress should have extended the credit, while Republicans blame Biden for inflation. Biden's economic plan, "Bidenomics," has yet to gain widespread approval among Americans.

via The Hill|

#census-bureau #child-tax-credit #economic-plan

social-issues3 years ago•2 min saved

"Mexico's Poverty Rate Drops by 6.5% in Four Years as Remittances Soar"

Mexico's poverty rate has decreased from 49.9% in 2018 to 43.5% in 2022, with 5.7 million fewer people living below the poverty line. President Andrés Manuel López Obrador's increase in the minimum wage and the rise in remittances, which almost doubled from $33.5 billion in 2018 to $60 billion in 2023, have contributed to this decline. However, extreme poverty and money problems related to healthcare have increased slightly. The effectiveness of government programs in helping the poorest Mexicans remains uncertain.

via The Associated Press|

#health-care #mexico #minimum-wage

social-issues3 years ago•2 min saved

"Mexico's Poverty Rate Drops by 6.5% in Four Years as Remittances Soar"

Mexico's poverty rate has decreased from 49.9% in 2018 to 43.5% in 2022, with 5.7 million fewer people living below the poverty line. President López Obrador's increase in the minimum wage and the rise in remittances sent by Mexicans working abroad have contributed to this decline. However, extreme poverty has slightly increased, affecting 7.1% of the population. The number of people reporting financial difficulties related to healthcare has also risen, potentially due to healthcare system restructuring and the impact of the COVID-19 pandemic.

via Yahoo News|

#extreme-poverty #mexico #minimum-wage