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Economic News, Data and Analysis

Census data, main talking points

The census report on incomes, poverty, and health insurance coverage released yesterday was very dissappointing considering that we are 4 years from the end of the 2001 recession.
Top line:
First, we saw that the poverty rate remained approximately unchanged at 12.6 percent, with about 37 million people in poverty, including 13 million kids.
Second we saw that there was a slight improvement in median household income, which was up by about $500 to 46,000. However, we saw declines in incomes for those households headed by someone under 65 years old, and also declines for full-time, year-round workers, who saw their median incomes drop by about $800 for men, and about $400 for women. And we also saw that incomes are below where they were at the end of the recession. Since the peak in 1999, median income has dropped by $1,300.
Finally, we saw the number of people without health insurance increased by 1.3 million to 46.6 million. The rate of uninsured among children increased for the first time in five years, with 8.3 million children lacking insurance – or about one in ten. Also, the rate of employer coverage dropped, with 3 million people losing employer-based insurance.
For more details, especially the 2000-2005 trends, see:
Center for American Progress Budget Blog サ Archive サ New Census Data Show Deteriorating Income and Health Coverage – Center for American Progress

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Filed under: Economics

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