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If a family's total income is less than the official poverty threshold for a family of that size and composition, then they are considered to be in poverty. Detailed annual tables on poverty across a number of individual and family characteristics This report presents data on poverty in the united states based on information collected in the 2024 and earlier cps asec. Income inequality is the extent to which income is distributed unevenly among a population. Census bureau data show the official poverty rate for black individuals and black children hit record lows in 2022. In 2019, the poverty rate for the united states was 10.5%, the lowest since estimates were first released for 1959 Poverty rates declined between 2018 and 2019 for all major race and hispanic. Survey and census questions cover poverty, income, and wealth. The tables below provide poverty statistics displayed in tables with columns and rows Many tables are in downloadable in xls, cvs and pdf file formats If you are using a. This report presents data on income, earnings, income inequality & poverty in the united states based on information collected in the 2021 and earlier cps asec. The poverty rate for the nation’s oldest populations was lower than for the youngest but increased in 2022 while child poverty decreased.