The official poverty rate in 2016 was 12.7 percent, down 0.8 percentage points from 13.5 percent in 2015. This is the second consecutive annual decline in poverty. Since 2014, the poverty rate has fallen 2.1 percentage points from 14.8 percent to 12.7 percent.
In 2016 there were 40.6 million people in poverty, 2.5 million fewer than in 2015 and 6.0 million fewer than in 2014.
The poverty rate in 2016 (12.7 percent) was not significantly higher than the poverty rate in 2007 (12.5 percent), the year before the most recent recession.
No demographic group included in Table 3 experienced an increase in its poverty rate between 2015 and 2016.
For most demographic groups, the number of people in poverty decreased from 2015. Adults aged 65 and older were the only population group shown in Table 3 to experience an increase in the number of people in poverty.
Between 2015 and 2016, the poverty rate for children under age 18 declined from 19.7 to 18.0 percent. The poverty rate for adults aged 18-64 declined from 12.4 to 11.6 percent. The poverty rate for adults aged 65 and older was 9.3 percent in 2016, not statistically different from the rate in 2015.