2018 Poverty & Health Insurance Data

Yesterday, the U.S. Census Bureau released its latest data on income, earnings, income inequality, and poverty. The report finds that median household income, controlling for inflation, increased by .9 percent in the past year, while the official poverty rate has dropped 0.5 percentage points, from 12.3 to 11.8 percent, which is statistically significant. However, the Supplemental Poverty Measure (SPM) -- which factors in tax credits, government assistance programs, and expenses -- indicates no statistical difference in the amount of Americans living in poverty from 2017 to 2018, nearly half of which are living below 50 percent of the poverty threshold…

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