Posted by Warm Southern Breeze on Sunday, September 16, 2012
Can anyone say “Banksters”?
Highlights From Census Report on Income, Poverty and Health Insurance
September 12, 2012, 11:00 AM, By Ben Casselman
The Census Bureau today released its annual report on income, poverty and health insurance, the most detailed look at Americans’ household income. A few early takeaways:
Real income fell
Inequality rose. Income inequality, as measured by the Gini index, rose 1.6% in 2011 from 2010, the first annual increase since 1993. Other measures of inequality also increased. The top 5% of earners—those making $186,000 or more—received 22.3% of all income in 2011, up from 21.3% in 2010.
Urban residents took the biggest hit to income. Households in principal cities saw their inflation-adjusted income decline by 3.7% in 2011, versus a 2.2% decline for those living in metropolitan areas (including both cities and suburbs). Incomes for those living outside of metropolitan areas were broadly flat. But Read the rest of this entry »
Posted in - Read 'em and weep: The Daily News | Tagged: Economic inequality, Gini coefficient, health insurance, Household income in the United States, insurance, Poverty threshold, United States, United States Census Bureau | Leave a Comment »