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
-
Over the past few weeks, my office has been inundated with calls referring to the Jade Helm 15 military exercise scheduled to take place b...
-
If you think ObamaCare is bad, just wait till you hear the new "peace" agreement that is due to be imposed on the Middle East...
-
One week after a disappointing loss in the closely watched Florida special election , national Democrats expect brighter news from the to...
-
Detroit Now Officially In Third-World Territory, 50K Stray Dogs Roaming Deserted Streets… As many as 50,000 stray dogs roam the stre...
-
Chinese hackers who tapped into Verizon's system targeted phones used by Republican presidential candidate Donald Trump and his running...
-
- Zoey and Andria Green, seven and eight, were running store by their home - Girls had lemonade for sale at 50 cents a cup and popcorn...
-
This English writer, prison doctor and psychiatrist has traveled the world, talked with the ordinary people elites avoid and warns Ameri...
-
Dr. Ivar Giaever (AP) A Nobel Prize-winning scientist who supported President Barack Obama has said that he does not believe global...
-
In a national poll from NY Times /Sienna released Friday, Donald Trump has surged to a one-point lead over Kamala Harris, 47 to 46 percen...
No comments:
Post a Comment