Decrease in Poverty Builds Hope for Change

Half in Ten Campaign
Seeks 50% Reduction in Poverty

Half in Ten CampaignThe Half in Ten Campaign reports the first significant decrease in poverty since 2006, and just the second decrease since 2000.

The campaign, which Monarch Housing supports,  seeks to cut the poverty rate in half in 10 years. Housing is one of the 21 different indicators used to measure poverty.

Quoting from their report,

“The percentage of Americans with incomes below the poverty line — $18,552 per year for a family of three — declined from 15% to 14.5% from 2012 to 2013. For that same time period, the child poverty rate fell from 21.8% to 19.9%.

But even with the falling statistics, 27% of African American households, 24% of Latino households, and 21% of Asian households pay more than 50% of their income for housing.”

The poverty rates for minority populations can be compared to 14% for Caucasian households. The federal Department of Housing and Urban Development (HUD) uses the guideline that households should pay no more than 30% of household income for housing.

The reports results make a case for our elected officials in Washington to show leadership in ending homelessness.

“With the midterm congressional elections behind us, it is time for Congress to get serious about passing legislation to cut poverty. Though there are some bright spots in our data this year, too many of our indicators remain stagnant or moving in the wrong direction.”

The campaign builds on Center for American Progress task force.

Click here to read the report.