Chart of the Day #2: Poverty Rates Decline Sharply in 2015

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The latest estimate of poverty from the Census Bureau is similar to their estimate of income: the good news is that poverty dropped substantially in 2015, but the bad news is that we still have a ways to go before we reach pre-recession levels. Among working-age adults, poverty levels fell from 13.5 percent to 12.4 percent, a decline of nearly a tenth. However, the poverty rate among working-age adults was around 10-11 percent from 1990-2007:

The report claims that new estimates of poverty using the SPM, which should be more accurate than the old measure, are also available, but the URLs they provide lead nowhere. I guess they’re a little behind. Presumably this stuff will be available shortly.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

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That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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