Rate of Hispanic poverty in America has fallen to a record low 18.3% - and the overall rate of poor Americans has declined three years in a row, new Census data reveals
Hispanics account for 18.3% of the population and 18.3% of them live in poverty
The 1.1% year-on-year decrease in their rate poverty of in 2017 was also the largest single decline that the U.S. Hispanic population has ever experienced
The rate of poverty among all Americans declined slightly in 2017 to 12.3%, the third year in a row that the numbers have gone down, Census data shows
Hispanic households also saw their median household income increase 3.7% to $50,486 in 2017, the third year in a row that the population saw a rise in pay
The rate of poverty among Hispanic people fell to 18.3 percent in 2017 – the lowest number since government officials started tracking the data in 1972, according to new U.S. Census data.
The year-on-year decrease of 1.1 percent in 2017 was also the largest single decline that the Hispanic population - of all races - has ever experienced.
The rate of poverty among all Americans declined slightly in 2017 to 12.3 percent, the third year in a row that the numbers have gone down, though Census officials said the year-on-year decline wasn't statistically significant.
One of the major factors driving the shift is the decrease in immigration from Latin America – and particularly Mexico – over the past decade, said Tomás Jiménez, an associate professor of sociology at Stanford University.
'Now the majority of the growth of the Hispanic population is coming from the U.S.-born population, and the U.S.-born population is … exhibiting signs of assimilation, and that's reflected in economic indicators,' Jiménez told DailyMail.com. 'They are doing better than their parents.'
His own research is finding another related trend is changing: as recently as 2009, 24 percent of people of Mexican descent in the U.S. were in the country illegally. By 2016 that number had fallen to 15 percent, Jiménez said.
That's had a tremendous impact on the overall financial well-being of that population, he added.
While fewer Hispanics are now considered poor, they continue to be disproportionately impoverished given how much of the overall population they represent.
Meanwhile, poverty rates for Hispanic females, native-born Hispanics and those living outside of the Western U.S. did not change significantly in 2017 compared to 2016.
Overall, 12.3 percent of Americans were living in poverty in 2017, down from 12.7 percent in 2016 – and representing a 2.5 percentage point decrease since 2015's rate of 13.5.
It's the longest stretch of declines in the overall poverty rate since the four-year period from 1997-2000.
The national poverty rate was 22.4 percent in 1959, the year the measure was established.
In the 10 years that followed, poverty rates moved steadily downward – dropping 10.3 percentage points – until a recession in 1969.
Since then, the rate has fluctuated up and down between a low of 11.1 in 1972 and a high of 15.2 in 1983.
https://www.dailymail.co.uk/news/article-6762033/Rate-Hispanic-poverty-America-fell-record-low-18-3-overall-poor-Americans-declined.html