Tuesday, 21 November, 2017

Incomes up, poverty down

Census Bureau Census Bureau
Howard Terry | 15 September, 2017, 00:23

The Census Bureau noted that the 0.8-point drop from 2015 to 2016 was the second consecutive annual decline in poverty. Of course, that was the previous year of the Obama administration.

For much of the recovery, he could find only "dead-end" minimum-wage jobs at carwashes and discount stores. Female full-time workers, however, saw their median earnings rise by less than 1/10 of 1 percent to $50,574, or just 81 percent of male earnings. "But for too many New Jersey families, economic opportunity remains out of reach".

- The poverty rate for families in 2016 was 9.8 percent, representing 8.1 million families, a decline from 10.4 percent and 8.6 million families in 2015.

The remuneration of middle-class Americans touched the highest point ever recorded by the Census Bureau.

It shows only inflation-adjusted, pre-tax pay packets, so it excludes the impact of inflation, taxes and government benefits, such as food-stamps and tax-breaks for children, or of Obamacare's subsidies and spending obligations. The difference between the median household incomes for the Northeast and West was not statistically significant. Half the people earn above the line, half the people earn below the line.

"While household incomes are up and the number of New Jerseyans living in poverty is dropping", Whiten continued, "both of these key measures of wellbeing are worse than they were prior to the recession".

Hirschl said low-skilled workers who once depended on manufacturing jobs to support their families are increasingly frozen out of the workforce by developments in robotics, artificial intelligence and advanced manufacturing practices that demand higher-skilled workers. The chart does not make distinctions by race.

Of those with coverage past year, just over two-thirds of Americans had private insurance, mostly from their employers.

Another reason to worry is that the factors behinds those middle class income gains might not survive the Trump administration.

The details are provided on Table A-4, on page 49 of this PDF.

The official federal poverty measure is a misnomer in New Jersey, given the high cost of living. Incomes of the top 5 percent jumped 12.8 percent over the period. Median incomes went up 11.2 per cent in Vancouver.

The three lowest-income large metro areas in the country?

Excluding those older than 3 enrolled in post-secondary school, La Crosse County has a poverty rate of 8.75 percent, significantly lower than in Milwaukee, Racine or Kenosha counties.

- · The poverty rate for blacks decreased to 22.0 percent in 2016, from 24.1 percent in 2015. Real median household income rose 3.2 percent in 2016 after rising 5.2 percent in 2015.

Among Lower Mainland cities, White Rock had the lowest increase in median incomes at 4.6 per cent. Vancouver and Mission were neck-and-neck for the highest increase, at 16.8 per cent and 16.5 per cent respectively.

In 2017, the number and percentage of shared households remained higher than in 2007, the year before the most recent recession.

- · In 2016, 18.0 percent of children under age 18 (13.3 million) were in poverty, down from 19.7 percent and 14.5 million in 2015.

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