Tag: Official Poverty Rate
For the first time, the Census Bureau’s annual poverty report included information regarding both the Official Poverty Rate and the Supplemental Poverty Measure, which was first introduced in 2011. As a reminder, the official measure compares a family’s pretax money to a threshold based on the number of people. The thresholds, which were established in the 1960s,…
The brief’s key findings are: The Census Bureau just reported a big jump in the poverty rate in 2009. But poverty rates actually fell for those over 65 as: Social Security recipients got a large cost-of-living adjustment and a one-time stimulus payment; and the poverty threshold dipped due to lower inflation in 2009. This situation…
