Over 50 years after President Lyndon Johnson's declaration of war on poverty, the United States has seen a significant decrease in poverty rates. As of 2023, 12.5% of Americans live below the poverty line, down from highs of 15.9% in recent years. Factors contributing to this decline include economic growth, increased employment, and key government assistance programs. Despite challenges like the COVID-19 pandemic, many regions in America are experiencing near-zero poverty rates, showcasing localized achievements in fighting poverty across the nation.
Poverty has become markedly less common in recent years, with the national rate falling to 12.5% in 2023, down from highs of 15.9%.
Numerous government programs, including the Earned Income Tax Credit and Supplemental Nutrition Assistance Program, play crucial roles in alleviating poverty and supporting individuals.
While poverty has never been fully eradicated, many areas in the U.S. report rates close to zero, indicating significant localized successes in the fight against poverty.
Over the past decade, economic growth through increased employment opportunities and rising wages has been a primary driver behind the steady reduction in the national poverty rate.
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