Poverty Rate, over time
Poverty RateDemocratic administrationRepublican administration
What was happening
12001 recessionMar–Nov 2001
An eight-month recession by NBER dates. The Federal Reserve has traced it largely to the end of the dot-com boom and the sharp fall in stock prices. Source: National Bureau of Economic Research ↗
2Great RecessionDec 2007–Jun 2009
An 18-month recession by NBER dates, the longest since World War II, following the collapse of the housing market and a financial crisis. Source: National Bureau of Economic Research ↗
3COVID-19 recessionFeb–Apr 2020
The shortest recession on record by NBER dates: two months, February to April 2020. Source: National Bureau of Economic Research ↗
U.S. Census Bureau · CPS ASEC Historical Poverty Table 2 · Annual · Original source