Despite continued growth in average income since the early 1970s, the poverty rate has not declined below the level reached in 1973.

Question

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Since the early 1970s, despite increases in average income, the poverty rate in the United States has fluctuated but has not sustained a decline below the lowest level reached in 1973. This is attributed to various factors, including wage stagnation among lower-income workers, rising inequality, and changes in family structure.

Despite Continued Growth in Average Income Since the Early 1970s