43 million Americans lived below poverty line in 2015: Census

September 14, 2016 00:50

More than 43 million Americans lived below poverty line in 2015, a US Census report said today, indicating that the world's largest economy experienced one of the sharpest decline in poverty rates in 16 years.

The US Census Bureau in its report said 13.5 per cent of Americans lived in poverty in 2015, a reduction of 1.2 per cent from 2014.

The last time poverty rates declined this much from year to year was from 1998 to 1999 making this the largest decline in poverty rates over the past 16 years, the Census Bureau said.

Since the financial crisis of 2008, the number of people living in poverty in the US has increased by more than 3.3 million.

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