U.S. Poverty Rate Holds Steady Near a Generational High
By Don Lee
September 17, 2013
Los Angeles Times
The nation’s poverty rate held at a near-generation-high of 15% last year, while the typical income of American households flattened, according to the Census Bureau.
The bureau’s annual report on income, poverty and health insurance suggests that the economic wounds from the Great Recession are patched up but the economy still is struggling to return to full health.
In one respect, the data released Tuesday could be seen as positive because things seemed to stabilize after the devastating recession. For the first time in five years, household income did not decrease and the poverty level did not increase last year, officials said. And there was further improvement in the healthcare coverage of Americans, an important indicator of economic security