Tuesday, February 7, 2023

Poverty rates fall; MS still highest

Most states had lower average official poverty rates, in the 3-year period between 2019-21, than a decade earlier, according to U.S. Census Bureaunew historical table using the Current Population Survey Annual Social and Economic Supplement (CPS ASEC) shows the 3-year average official poverty rates fell nationwide and in most states between 2009-11 and 2019-21. These changes reflect economic trends over the decade. The 2009-11 data cover the period following the Great Recession of 2007. The 2019-2021 data include three key time periods: End of economic expansion following the Great Recession; Recession that accompanied the beginning of the pandemic and the government’s response, which provided support and reduced poverty ratesOverall, the national average poverty rate fell from 14.8% in 2009-11 to 11.2% in 2019-21. In 2009-11, Mississippi had among the highest average poverty rates (21.0%). It was the only state with a poverty rate of 20% or more. In 2019-21, Mississippi’s poverty rate fell to 18.1% but continued to be among the highest in the country. Louisiana was at 15%+ in the latter period. (Census Bureau 02/07/23) How Have State Official Poverty Rates Changed Over 10 Years? (census.gov)

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