U.S. Poverty Rate Down Significantly
Today the Census Bureau reported that the poverty rate in the U.S. is now 12.3% which is
a 12.6% decline down from 12.6%.
The last significant decline in the poverty rate came in 2000, during the Clinton administration, when it went from 11.9 percent to 11.3 percent.
The poverty rate increased every year for the next four years, peaking at 12.7 percent in 2004. It was 12.6 percent in 2005, but Census officials said that change was statistically insignificant.