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Archived News Release--Caution:
information may be out of date.
For more information call: 202-693-4657
Today's positive reports on income and poverty clearly show that the
President's economic plan is working. Since 1993, real median income for
American families has risen 12.1 percent, and the number of people living in
poverty is down 12.2 percent. The promise of a brighter future is within closer
reach of more Americans than it was just six years ago.
In the past year, real household income for Hispanics grew faster than
for any other group, while the poverty rate for African Americans was at an
historical low.
But even with this good news, this is not the time to declare victory.
Because poverty is still too high -- particularly among single mothers. More
than 1 in 3 live in poverty.
This is the time to raise the minimum wage and raise even more American
families and prepare Americans for the challenges of the 21st century by
ensuring that work really does pay.
Archived News Release--Caution:
information may be out of date.
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