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Okay. I thought you meant poverty rate in the US.
Let me guess majority of the decline in poverty was due to China?
However, homeowner equity has fallen steadily since World War II and is now less than 50% of the value of homes on average.[6] Homeownership was most common in rural areas and suburbs with three quarters of suburban households being homeowners. Among the country's regions the Midwestern states had the highest homeownership rate with the Western states having the lowest.[2] Recent research has examined the decline in homeownership rates among households with "heads" aged 25 to 44 years, which fell substantially between 1980 and 2000 and recovered only partially during the 2001-05 housing boom. This research indicates that a trend toward marrying later and the increase in household earnings risk that occurred after 1980 account for a large share of the decline in young homeownership.[7]
Let me guess majority of the decline in poverty was due to China?
However, homeowner equity has fallen steadily since World War II and is now less than 50% of the value of homes on average.[6] Homeownership was most common in rural areas and suburbs with three quarters of suburban households being homeowners. Among the country's regions the Midwestern states had the highest homeownership rate with the Western states having the lowest.[2] Recent research has examined the decline in homeownership rates among households with "heads" aged 25 to 44 years, which fell substantially between 1980 and 2000 and recovered only partially during the 2001-05 housing boom. This research indicates that a trend toward marrying later and the increase in household earnings risk that occurred after 1980 account for a large share of the decline in young homeownership.[7]