Tag: poverty rate
How well off are Asians in this country? It depends on how you look at it. The wealth of a typical U.S. household of Asian descent is $536,000 – or nearly two times the wealth of a typical White household – according to the Federal Reserve’s 2022 Survey of Consumer Finances, the first in its…
While those under 18 gained the most, older people also were also buoyed by stimulus payments. 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…
