Poverty in U.S. Falls for First Time Since Before Recession
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The economic expansion that’s now in its sixth year is finally showing signs of trickling down to the poorest Americans.
The U.S. poverty rate eased to 14.5 percent in 2013 from 15 percent in the prior year, the first decline since 2006, the year before the last recession began, according to Census Bureau data released today. The decrease came as child poverty dropped by the most since 1966.