Posted on 09/10/2019 9:38:17 AM PDT by Incorrigible
The median household income in the United States increased less than a percent from 2017 to 2018, while the median earnings of workers in the United States rose 3.4%.
The data, released by the Census Bureau Tuesday, also shows that the official poverty rate in the United States dropped to 11.8%, a 0.5 percentage point decrease from 2017.
Here’s a look at the new data:
The [median household income] in the United States rose, from $62,626 in 2017 to $63,179 in 2018 adjusted for inflation. The Census Bureau does not consider the 0.9% rise to be statistically significant.
A few demographic groups did experience significant increases in median household income. The family household median rose 1.2% while the nonfamily household median rose 2.4%. The median income for an Asian-American household grew 4.6% while the median for those living in the Northeast increased 4.3%.
The median earnings for all workers (full- and part-time) increased 3.4% from 2017 ($38,915) to 2018 ($40,247).
Men saw an uptick of 1.2% from from $46,166 to $46,741, while women stayed flat from $32,664 to $32,654.
For full-time workers, earnings dropped 0.6% from $50,968 to $50,653. Despite this, the median for full-time workers broken down by men and women increased. The median for men increased 3.4% from $53,459 to $55,291.
The median for women grew from $43,658 to $45,097. As a result of these changes, the female-to-male earnings ratio (full-time workers only) fell slightly from women earning 81.7 cents for every dollar for a man to 81.6 cents.
The official poverty rate fell to 11.8% in 2018 from 12.3% in 2017. That’s the fourth consecutive year showing a decrease, with the Census Bureau also noting that “In 2018, for the first time in 11 years, the official poverty rate was significantly lower than 2007, the year before the most recent recession.”
NOTE: The Census Bureau uses calculations from the Office of Management and Budget to measure the official poverty rate.
USA Facts is an effort to expose government numbers unvarnished.
Thanks to President Trump despite all the efforts of Republicans and Democrats against him.
DemocRATS....
NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Trump’s fault!.......................
Oops! It’s time for the bureaucrats to increase the definition of poverty to get the percentage back to their target %. If they don’t, someday the War on Poverty will be won! Then what will they cry about? Relative to the population of the rest of the world the “War” in this country was won years and years ago!
I gotta tell you something. I’m starting to see “Help Wanted” signs pop up everywhere in my neck of the woods (a rust-belt) state. That’s the good news.
The bad news is that they are all for minimum wage jobs - the dollar store, McDonalds, etc. The closed factories are still closed.
That’s why I still doubt if Trump will take my state. A guy who landed a McDonalds job is much less likely to be grateful to Trump than one who just got hired at the mill.
(Sorry for the pessimism. It’s my Hungarian nature.)
Recession! Impeach! Russia!
Substitute people for Democrats and worried for praying...
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