The U.S. Census Bureau released two pieces of widely followed data Tuesday — one on poverty and the other on median income for 2010. The most interesting findings in this release were the state-by-state figures, especially when compared to national averages. A closer look at the statistics shows that a relatively small number of states suffer such widespread levels of low income and poverty that they skew the national numbers downward.
The national poverty rate last year was 15.1%. That is up from 11.3% in 2000 and is the highest it has been since 1993. Over 46 million people lived below the poverty line in 2010. The cut-off for that line is households of four people who made under $22,314. The other troubling news was that median income per household nationwide was an inflation-adjusted $49,445. This is about the same as in 1989 and down 2.3% from 2009. Economists fear that Americans are not consumers. It is easy to tell why when their real income has been frozen in place for more than two decades.
10. North Carolina
Median income: $43,275
Poverty rate: 16.1% (tied for 9th highest)
Without health insurance: 16.7% (13th highest)
Unemployment: 10.1% (9th highest) Read more........
The national poverty rate last year was 15.1%. That is up from 11.3% in 2000 and is the highest it has been since 1993. Over 46 million people lived below the poverty line in 2010. The cut-off for that line is households of four people who made under $22,314. The other troubling news was that median income per household nationwide was an inflation-adjusted $49,445. This is about the same as in 1989 and down 2.3% from 2009. Economists fear that Americans are not consumers. It is easy to tell why when their real income has been frozen in place for more than two decades.
10. North Carolina
Median income: $43,275
Poverty rate: 16.1% (tied for 9th highest)
Without health insurance: 16.7% (13th highest)
Unemployment: 10.1% (9th highest) Read more........
In Canada we are waiting for the impending US economic collapse.
ReplyDeleteThen we will shut off the flow of oil and natural gas and watch on the news how you fuckers starve and freeze.
Ha ha ha ha.