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Economic News, Data and Analysis

Income and Poverty Census Report

Income and poverty data are out today. Not encouraging.
Full data
Quick take:
Overall: Median incomes declined by about $100 (but not statistically significant).
Median incomes for those 65 years or younger fell by about $600 (and was statistically significant).
Of most concern is that declines in the earnings for full-time, year-round workers. For men, median incomes fell by about $1,000, and for women over $300. (also, statistically significant).
Poverty rates increased from 12.5 percent to 12.7 percent. There were broad-based increases in poverty across the spectrum.
Shares of income in the midle 3 quintiles declined, while incomes in the highest quntile increased.
Number of those without health insurance increased by about 860,000.

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Filed under: Data, Economics, Economy

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