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The official poverty rate of the U.S. Black population reached a historic low of 17.1% in 2022, according to U.S. Census Bureau data released today. The 2022 poverty rate for the Black population fell to a record low even after accounting for survey and methodological changes to the CPS ASEC, the Census Bureau’s longest-running survey. More @Wikipedia
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- Black Individuals Had Record Low Official Poverty Rate in 2022 - Census.govThe official poverty rate of the U.S. Black population reached a historic low of 17.1% in 2022, according to U.S. Census Bureau data released today. The 2022 poverty rate for the Black population fell to a record low even after accounting for survey and methodological changes to the CPS ASEC, the Census Bureau’s longest-running survey.
- Poverty in the United States: 2023 - Census.govThe SPM, first released in 2011 and produced in collaboration with the Bureau of Labor Statistics (BLS), extends the official poverty measure by accounting for several government programs that are designed to assist low-income families but are not included in official poverty measure calculations.
- Income in the United States: 2023 - Census.govHousehold income rose throughout the income distribution, increasing 6.7 percent at the 10th percentile and 4.6 percent at the 90th percentile (Table A-3). Income inequality as measured by the Gini index and income percentile ratios was not significantly different between 2022 and 2023 (Figure 3 and Table A-3).
- Poverty Rates for Blacks and Hispanics Reached Historic Lows in 2019The figure shows that for Blacks, the poverty rate of 18.8% in 2019 was the lowest rate observed since poverty estimates were first produced for this group for 1959. The previous low for this group was 20.8% in 2018. Poverty rates in 2019 were also the lowest ever observed for Hispanics (15.7%), compared to the prior low of 17.6% in 2018.
- How the Census Bureau Measures PovertyThe total family income divided by the poverty threshold is called the Ratio of Income to Poverty. Income / Threshold = $38,500 / $37,275 = 1.03. The difference in dollars between family income and the family’s poverty threshold is called the Income Deficit (for families in poverty) or Income Surplus (for families above poverty).
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