The median income of US households in 2011 dropped to its lowest level since 1995, highlighting the income pressure on Americans on middle to lower steps of the economic pyramid.
The median level is the mid point where half the population sample are above and half below. It avoids the distortions caused by top earners in average income data.
Real median household income in the United States in 2011 was $50,054, a 1.5% decline from the 2010 median and the second consecutive annual drop.
The nation's official poverty rate in 2011 was 15.0%, with 46.2m people in poverty. After three consecutive years of increases, neither the poverty rate nor the number of people in poverty were statistically different from the 2010 estimates.
As defined by the Office of Management and Budget and updated for inflation using the Consumer Price Index, the weighted average poverty threshold for a family of four in 2011 was $23,021.
The number of people without health insurance coverage declined from 50.0m in 2010 to 48.6m in 2011, as did the percentage without coverage - - from 16.3% in 2010 to 15.7% in 2011.
In 2011, real median household income was 8.1% lower than in 2007, the year before the most recent recession, and was 8.9% lower than the median household income peak that occurred in 1999.
In 2011, the median earnings of women who worked full time, year-round ($37,118) was 77% of that for men working full time, year-round ($48,202) - - not statistically different from the 2010 ratio. Real median earnings of both men and women who worked full time, year-round declined by 2.5% between 2010 and 2011. The rates of decline for men and women were not statistically different from one another.
Via: FinFacts
Subscribe to:
Post Comments (Atom)
Popular Posts
-
'It's A Great Opportunity For Me Personally, It's Great Opportunity For Our State' ASBURY PARK, N.J. (CBSNewYork) –...
-
To borrow a phrase from President Reagan, there they go again. As soon as Mitt Romney announced Congressman Paul Ryan as his vice pres...
-
EPA Administrator Gina McCarthy told an audience Tuesday gathered at a White House conference “normal people,” not “climate deniers” wil...
-
WASHINGTON — Thousands of dangerous federal prison inmates will be released in November as a result of the U.S. Sentencing Commission’s ...
-
Timing is everything. And just as Congress’s focus seems to be drifting from Obamacare’s ravages on the economy, Americans are learning the...
-
I f you’re looking for an epitaph for the republic (and these days who isn’t?) try this — from August 2010 and TechCrunch’s delirious previ...
-
Senate Majority Leader Harry Reid is delaying a Senate test vote to authorize the use of force against the Syrian regime. Reid said Monda...
-
Reading Marc A. Thiessen's column at the Washington Post yesterday, this passage rang a big bell: It is going to take months to ...
-
While America was resting from its labors, the countdown to Obamacare began. In just 27 days , the Obamacare exchanges are scheduled to o...
-
The current feel-good push for a $15 an hour minimum wage has nothing to do with helping workers and everything to do with advancing the...

No comments:
Post a Comment