The nation’s poverty rate dropped further last year, but household income has stalled. Now, the share of people without health insurance went up for the first time since the Affordable Care Act took effect in 2013.
The nation’s poverty rate dropped further last year, but household income stalled, and the share of people without health insurance went up for the first time since the Affordable Care Act took effect in 2013, according to federal government data released Tuesday.
It was the first such increase since the Affordable Care Act, commonly referred to as Obamacare, led to sharp declines in the uninsured rate, which was previously reported as 14.5% before the full effect of the act in 2014. The census report showed the nation’s median income — the midpoint at which half of households make more and half make less — was $63,179 last year, up less than 1% from 2017, even though more people had jobs and workers’ real earnings rose 3.4% last year.The poverty rate, meanwhile, dropped 0.5 percentage point last year to 11.8%. It was the fourth consecutive year of decline and the first time that the poverty level was significantly lower than 2007.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Who's New at New York Fashion Week12 names to know before everyone else.
Read more »
Who's New at New York Fashion Week12 names to know before everyone else.
Read more »
LG OLED TVs To Get Great New Gaming FeatureHook up with NVIDIA delivers exclusive game-enhancing compatibility
Read more »
Salvadoran activists hurl confetti, paint to protest new abortion trialActivists in El Salvador threw eggs filled with confetti and sprayed red paint o...
Read more »
New Balance Launches the FuelCell 5280, a Racing Flat for the Road MileA featherweight racing shoe that’s designed to handle a road mile—and not much more.
Read more »