Poverty rate, at 12.7 percent, finally sinks to pre-recession level

• Chuck Abbott

The U.S. poverty rate fell for the second year in a row and, after years of slow economic recovery, it is back to pre-recession levels, the Census Bureau said in an annual report. The nationwide poverty rate for 2016 was 12.7 percent, down by 0.8 points from the previous year; the rural poverty rate –… » Read More