1 vote

Median Income and Poverty Rate Hold Steady, Census Bureau Finds

Last year, for the first time in half a decade, median household income did not fall and poverty did not rise, the Census Bureau said Tuesday in the release of its major annual report on poverty, insurance and earnings.

The report depicts an economy that has failed to improve the lot of most households and left about 46.5 million Americans living in poverty in 2012.

“The poverty and income numbers are a metaphor for the entire economy,” said Ron Haskins of the Brookings Institution. “Everything’s on hold, but at a bad level.” He added, “Don’t expect things to change until the American economy begins to generate more jobs.”


Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Thats almost 1 out of every 6

Thats almost 1 out of every 6 people. Something is wrong in this country...

To climb the mountain, you must believe you can.

And the numbers are usually

And the numbers are usually conservative (aka manipulated) when it comes from the government and their big media.