Study Finds Latinos Only Group To See Poverty Rates Decline And Income Rise


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Hispanics are the only major racial or ethnic group to see a statistically significant decline in its poverty rate, according to 2013 Census Bureau figures released this week. The drop in the poverty rate among Hispanics – from 25.6% in 2012 to 23.5% in 2013 – contributed to the first decline in the nation’s overall poverty rate since 2006.
Hispanics also were the only group to see a decline in the number of people living in poverty (the year-to-year changes in the overall U.S. number was not statistically different.) From 2012 to 2013, the number of Hispanics in poverty dropped from 13.6 million to 12.7 million, even as the Hispanic population grew by 1 million over the same time period.
Meanwhile, the median household income of Hispanics increased by 3.5% to $40,963, the first annual increase since 2000, according to the Census Bureau. Income changes for whites, blacks and Asians were not statistically significant.
Hispanics are over represented among the poor, making up 28.1% of the more than 45 million poor Americans and 37% of the 14.5 million children in poverty. Overall 17% of all Americans are Hispanic.
High rates of poverty still exists among the youngest and oldest Hispanics, according to Census data. About 30% of Hispanic children under 18 live in poverty, compared with 20% of children nationwide. Hispanics have the highest number of children in poverty (5.4 million), a trend that began with the Great Recession. In the oldest age group (65 years or older), Hispanics have the highest poverty rate of any racial or ethnic group. One-in-five (20%) of Hispanics in this oldest age group are poor, compared with about 10% nationwide.
One possible explanation…
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