Poverty Rate Drops in Colorado

cclapThe poverty rate in Colorado dropped slightly in 2013 for the first time in years according to new data released from the U.S. Census Bureau yesterday. The Colorado Center on Law and Policy says that’s the good news. They say the bad news is that the actual number of people living in poverty did not change. CCLP’s Executive Director Claire Levy says, “we are four years into an economic recovery that has been painfully slow in reaching those hardest hit by the recession.” On the bright side, the child poverty rate dropped. Colorado also saw a modest gain in median household income in 2013 of 2.4 percent. Levy went on to say, “starting today, we need to pursue economic policies that reward hard-working families and ensure that the gains made in our economy are shared by everyone.” The Colorado Center on Law and Policy will be exploring these and other broad economic trends in more depth in the “State of Working Colorado 2014,” scheduled for release in the coming weeks.

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