Skip to main content

Analysis: Millions in U.S. Climb Out of Poverty

Submitted by jhartgen@abi.org on

Nearly 3.5 million Americans were able to advance above the poverty line last year, according to census data released this month, the New York Times reported today. “It all came together at the same time,” said Diane Swonk, an independent business economist in Chicago. “Lots of employment and wages gains, particularly in the lowest-paying end of the jobs spectrum, combined with minimum-wage increases that started to hit some very large population areas.” Overall, 2.9 million more jobs were created from 2014 to 2015, helping millions of unemployed people cross over into the ranks of regular wage earners. Many part-time workers increased the number of hours on the job. Wages, adjusted for inflation, climbed.