Census Bureau Says Poverty, Family Income Gauges Improved in 2013
The overall poverty rate declined to 14.5% in 2013 due to the largest one-year drop in child poverty since 1966, but poverty rates for other age groups were little changed.
A new report from the U.S. Census Bureau found that key indicators of poverty and family income improved in 2013, but the Council of Economic Advisers stresses there is still work to do to strengthen the country's middle class since the recession. The overall poverty rate declined to 14.5% in 2013 due to the largest one-year drop in child poverty since 1966, but poverty rates for other age groups were little changed. Real median income for family households rose by $603 in 2013. However, the typical family has still not seen its income recover from the recession. The gender pay gap narrowed slightly last year, but the disparity remains between female-to-male earnings.
