The Poverty Rate Among Black Americans Increased in 2023

The U.S. Census Bureau recently released its annual report on poverty in the United States. Nearly 37 million Americans were poor in 2023, 11.1 percent of the total population. In 2022 poverty rate rate was the lowest on record for Black Americans at 17.1 percent. In 2023, the poverty rate for African Americans rose to 17.9 percent. This was 2.3 times the rate for non-Hispanic White Americans. More than 8 million African Americans were living with incomes below the official poverty rate. The supplemental poverty measure (SPM) rate extends the official poverty measure by accounting for several government programs that are designed to assist low-income families but are not included in official poverty measure calculations. The SPM also accounts for geographic variation in housing expenses when calculating the poverty thresholds and includes federal and state taxes, work expenses, and medical expenses. The SPM does not replace the official poverty measure; however, it does provide a different metric of economic well-being that includes resources from government programs and tax credits to low-income families. In 2023 the SPM poverty rate was 18.5 percent, an increase of more than 7 percentage points from 2021. The large increase in the SPM rate was due...