Poverty rate drops

[avatar4321]

http://www.foxnews.com/story/0,2933,294912,00.html

Looks like the economy is getting better.

[truthmatters]

Those were last years numbers and the numbers ffrom this year will not show such a rosy picture.


note the link to this information in the article?


http://en.wikipedia.org/wiki/Clinton_Administration

The Clinton presidency left America with record economic growth and prosperity:

Average economic growth of 4.0 percent per year, compared to average growth of 2.8 percent during the previous years. The economy grew for 116 consecutive months, the most in history.[29]
Creation of more than 22.5 million jobs—the most jobs ever created under a single administration, and more than were created in the previous 12 years. Of the total new jobs, 20.7 million, or 92 percent, were in the private sector.[30]
Economic gains spurred an increase in family incomes for all Americans. Since 1993, real median family income increased by $6,338, from $42,612 in 1993 to $48,950 in 1999 (in 1999 dollars).[31]
Overall unemployment dropped to the lowest level in more than 30 years, down from 6.9 percent in 1993 to just 4.0 percent in January 2001. The unemployment rate was below 5 percent for 40 consecutive months. Unemployment for African Americans fell from 14.2 percent in 1992 to 7.3 percent in 2000, the lowest rate on record. Unemployment for Hispanics fell from 11.8 percent in October 1992 to 5.0 percent in 2000, also the lowest rate on record.[30]
Inflation dropped to its lowest rate since the Kennedy Administration, averaging 2.5 percent, and fell from 4.7 percent during the previous administration.[32]
The homeownership rate reached 67.7 percent near the end of the Clinton administration, the highest rate on record. In contrast, the homeownership rate fell from 65.6 percent in the first quarter of 1981 to 63.7 percent in the first quarter of 1993.[33]
The poverty rate also declined from 15.1 percent in 1993 to 11.8 percent in 1999, the largest six-year drop in poverty in nearly 30 years. This left 7 million fewer people in poverty than there were in 1993.[34]
The surplus in fiscal year 2000 was $237 billion—the third consecutive surplus and the largest surplus ever.[33]
Clinton worked with the Republican-led Congress to enact welfare reform. As a result, welfare rolls dropped dramatically and were the lowest since 1969. Between January 1993 and September of 1999, the number of welfare recipients dropped by 7.5 million (a 53 percent decline) to 6.6 million. In comparison, between 1981-1992, the number of welfare recipients increased by 2.5 million (a 22 percent increase) to 13.6 million people.[35]