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.
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