Business growth in the US has reached a 5 year peak, according to statements by President Donald Trump. He also reported that real median household income has hit the highest level in history and the national poverty rate has dropped to its lowest recorded point, describing these figures as the best in history.

The overall decline in poverty is not uniform across all age groups, as noted in a report from Yahoo Finance. While the general poverty rate is falling, the data shows that it is not decreasing for older Americans.