Tag: 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,…
Declining Wealth and Rising Cost of Necessities Are the Real Worries When It Comes to Senior Poverty
In the wake of the release of the Census Bureau’s Poverty in the United States: 2021, observers have noted that the poverty rate among the elderly ticked up from 2020, while it declined or remained unchanged, respectively, for those under age 18 and those ages 18-64 (see Table 1). Personally, I would not put too muc…
