Fifty years ago, in January of 1964, President Lyndon B. Johnson declared a "War on Poverty" and introduced initiatives designed to improve the education, health, skills, jobs, and access to economic resources of those struggling to make ends meet. While there is more work to do, in the ensuing decades we have strengthened and reformed many of these programs and had significant success in reducing poverty. In this report, the Council of Economic Advisers presents evidence of the progress made possible by decades of bipartisan efforts to fight poverty by expanding economic opportunity and rewarding hard work. We also document some of the key steps the Obama Administration has taken to further increase opportunity and economic security by improving key programs while ensuring greater efficiency and integrity. These steps prevented millions of hardworking Americans from slipping into poverty during the worst economic crisis since the Great Depression.