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FACT OF THE WEEK
 

Working-poor rate for workers aged 55-64 is about 3%

 
"8.6 million individuals were among the "working poor"* in 2015....The working-poor rate-the ratio of the working poor to all individuals in the labor force for at least 27 weeks-was 5.6%...Workers ages 45 to 54, 55 to 64, and 65 and older had lower working-poor rates--3.7%, 3.4%, and 1.6%, respectively--than did the younger age groups," according to a 2017 report from the Bureau of Labor Statistics. (p. 1 and Table 2)
 
*The working poor are people who spent at least 27 weeks in the labor force (that is, working or looking for work) but whose incomes still fell below the official poverty level.
       
 
        Bureau of Labor Statistics. (2017). A profile of the working poor, 2015. (BLS Reports No. 1068). Washington DC: Bureau of Labor Statistics. Retrieved from this source.
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