In the 1950s, the poverty rates were the highest.
What are the poverty rates?
When the income of a number of people falls below the poverty line, and is taken as half of the median household income, This presentation is in the form of a ratio of poverty rates.
To calculate the poverty line, first find the total cost of all the essential resources that are consumed by the average adult during a whole year.
An image is attached at the end for better understanding.
Thus, the 1950s were the years when poverty rates were the highest.
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