Poverty decreased, but it's not time to celebrate
Sometimes, good news is good-news-but.
Earlier this week, economists and opinion makers popped the bubbly over a U.S. Census Bureau report that included more good economic news than we’ve become accustomed to.
The report said that America’s median household income increased by 5.2 percent last year, and that the official poverty rate decreased by 1.2 percentage points, to 13.5 percent. That means that in 2015, 43.1 million people – 3.5 million less than in 2014 – were living in poverty.