What This Chart Shows
This chart displays the total number of people living in poverty in the United States, measured annually. The data is based on the official Census Bureau poverty thresholds, which account for family size and composition.
The chart highlights long‑term trends in economic hardship, demographic shifts, and the impact of recessions, wage growth, and policy changes.
Why This Indicator Matters
The number of people in poverty is a direct measure of economic well‑being. It is influenced by:
- Employment and wage levels
- Cost of living
- Access to social programs
- Demographic changes
- Economic cycles
- Policy decisions affecting income and benefits
Because poverty affects consumer spending, health outcomes, and long‑term economic mobility, this indicator is essential for understanding the social and economic landscape.
Key Insights
- Poverty counts typically rise during recessions and fall during expansions.
- Children and single‑parent households experience higher poverty rates.
- Economic shocks, inflation, and labor market changes can significantly shift poverty levels.
- Long‑term declines reflect rising incomes and expanded social support programs.
Source
U.S. Census Bureau (via FRED) Series ID: PPAAUS00000A156NCEN