Poverty

Dynamics of Economic Well-Being: Poverty, 1992 to 1993 - Highlights

• Using annual estimates, about 21.6 (± 1.9) percent of people who were poor in 1992 were not poor in 1993.¹ Children and the elderly were less likely to exit poverty than nonelderly adults.
• A noticeable proportion of the population was poor on a chronic basis 4.8 (± 0.3) percent or 11.9 (± 0.7) million people were poor all 24 months of 1992 and 1993.
• One-half of all poverty spells lasted 4.9 months or longer, but Blacks had significantly longer poverty than 6.2 months, compared with 4.6 months for Whites.

Footnotes

1. The figures in parentheses signify the 90-percent confidence intervals of the estimates.