Poverty rate drops sharply thanks to more jobs and rising income, census figures show

September 13, 2016 3:09 PM

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Steady job growth and the biggest earnings boost in a decade helped sharply lower the nation's poverty level last year and finally provided relief to the long-running problem of stagnant wages.

In its annual report on income and poverty, the Census Bureau said Tuesday that the share of people in the U.S. living in poverty dropped to 13.5% in 2015, marking one of the biggest annual declines in decades.

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