[Improved economy doesn't lift low-income Americans. Harsh fact: This economy doesn't' work the same for everyone. We don't need more charity. We need structural changes that reform systems.]
4 Metros Show Lower Poverty Rates, Higher Incomes
Houston is one of four big metros where there was a notable drop in the poverty rate in 2014. (Photo by Eflon)The national poverty rate and median income level both went unchanged in 2014, despite the economy posting better job growth than any year since Y2K. That’s one of the ominous takeaways from new figures released yesterday by the U.S. Census Bureau in its Current Population Survey (CPS). Those worrisome signs were then redoubled with the Bureau’s annual American Community Survey (ACS) numbers, released this morning. Essentially, the duo of data dumps portrays an economy recovering strongly from the Great Recession and yet leaving lower-income people behind.
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