The U.S. poverty rate fell last year to the lowest level since the last recession as incomes recovered most of their losses, according to a government report Tuesday.
Fresh yearly data from the U.S. Census Bureau showed median, inflation-adjusted household income rose 5.2 percent to $56,516 in 2015, the highest level since $57,423 in 2007, when the recession began. With 43.1 million Americans in poverty, leaving the poverty rate in 2015 at 13.5 percent, down 1.2 percentage points from 2014 and the lowest since 13.2 percent in 2008.
The number of people without health insurance coverage for the whole year was 29 million, or 9.1 percent, down 1.3 percentage points from 2014, according to the bureau.
This article was provided by Bloomberg News.