 About 26.4% of families and 29.1% of the population were below the poverty line, including 38.1% of those under age 18 and 14.6% of those age 65 or over.Boswell was settled in 1901 and incorporated as a borough on February 22, 1904.The community's founder was Thomas Taylor Boswell, the first president and supervisor of the Merchants Coal Company.