Income, Poverty and Health Insurance in the United States: 2007 - Highlights
The data presented here are from the Current Population Survey (CPS), 2008 Annual Social and Economic Supplement (ASEC), the source of official poverty estimates. The CPS ASEC is a sample survey of approximately 100,000 household nationwide. These data reflect conditions in calendar year 2007.
The official poverty rate in 2007 was 12.5 percent, not statistically different from 2006.
In 2007, 37.3 million people were in poverty, up from 36.5 million in 2006.
Poverty rates in 2007 were statistically unchanged for non-Hispanic Whites (8.2 percent), Blacks (24.5 percent), and Asians (10.2 percent) from 2006. The poverty rate increased for Hispanics (21.5 percent in 2007, up from 20.6 percent in 2006).
The poverty rate in 2007 was lower than in 1959, the first year for which poverty estimates are available, while statistically higher than the most recent trough in 2000 (11.3 percent).
The poverty rate increased for children under 18 years old (18.0 percent in 2007, up from 17.4 percent in 2006), while it remained statistically unchanged for people 18 to 64 years old (10.9 percent) and people 65 and over (9.7 percent).