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…rising inequality and may, in fact, have fallen in recent years." Timothy Smeeding is the director of the Center for Policy Research, The Maxwell School, Syracuse University. The study is available on the university's web site How many people live below the poverty level and what is the poverty rate for the most current year? The poverty rate decreased in 1997 to 13.3%, down from 13.7% in 1996. The number of poor people remained statistically significant at 35.6 million people.