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
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