Key Points:
- The Census Bureau released data showing 2019 was a record year for declining poverty.
- The U.S. poverty rate in 2019 was 10.5%, down 1.3% from 11.8% in 2018.
- This represents 4.2 million Americans lifted out of poverty in 2019.
- The 10.5% poverty rate is the lowest rate on record, dating back to 1959.