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US poverty rate hits record low of 10.2% despite economic pessimism
Fox News • • business
Key Points:
- In 2025, the U.S. poverty rate fell to a historic low of 10.2%, while inflation-adjusted median household income reached a record high of $87,460, according to Census Bureau data.
- Despite these improvements, about 85% of Americans reported their personal financial situation as worsening or unchanged throughout 2025, reflecting widespread consumer pessimism.
- Economic growth has been stronger in Southern states, driven by migration and business-friendly policies, contrasting with slower growth and higher costs in some blue states.
- President Donald Trump's unpopularity and economic policies, including high gas prices linked to Middle East military operations and tariffs, have negatively affected his approval ratings and GOP prospects in upcoming elections.
- The uninsured rate remained near historic lows, but some critics argue that poverty and economic struggles persist, highlighting ongoing issues like homelessness and underemployment.
