The Supplemental Poverty Measure: 2015

Source: Trudi Renwick and Liana Fox, U.S. Census Bureau, Report Number: P60-258, September 13, 2016

From the summary:
This is the sixth report describing research on the Supplemental Poverty Measure (SPM) released by the U.S. Census Bureau, with support from the Bureau of Labor Statistics (BLS). The SPM extends the official poverty measure by taking account of many of the government programs designed to assist low-income families and individuals that are not included in the current official poverty measure.

Highlights
• Using the supplemental poverty measure, 45.7 million individuals in the United States fell below the poverty line in 2015, including 11.9 million children and 6.5 million adults age 65 and above.
• The supplemental poverty measure rate declined 1.0 percentage point since 2014, down from 15.3 to 14.3 percent.
• The supplemental poverty rate declined for many groups and no major group experienced a statistically significant increase between 2014 and 2015.
• Without Social Security benefits, the supplemental poverty rate overall would have been 8.3 percentage points higher. This represents about 26.6 million more individuals, including 17.1 million individuals age 65 and older.
• People 65 and older had a supplemental poverty rate of 13.7 percent, equating to 6.5 million people in poverty. Excluding Social Security from income would more than triple the poverty rate for this group, resulting in a poverty rate of 49.7 percent.
• Not including refundable tax credits (the Earned Income Tax Credit and the refundable portion of the child tax credit) in resources would have resulted in an additional 9.2 million individuals falling into poverty, a 2.9 percentage point increase.
• Not accounting for refundable tax credits for children would have resulted in a poverty rate of 22.6 percent rather than 16.1 percent. This difference represents 4.8 million children.
• Taking account of other noncash benefits also lowered poverty rates. For example, Supplemental Nutrition Assistance Program benefits lowered the overall poverty rate by 1.4 percentage points or 4.6 million people.