Income, Poverty, and Insurance Estimates

From the press release:

DeNavas-Walt, Carmen, Bernadette D. Proctor, and Jessica Smith
U.S. Census Bureau, Current Population Reports, P60-233
U.S. Government Printing Office, Washington, DC, 2007

Household Income Rises, Poverty Rate Declines, Number of Uninsured Up

Full Report PDF [78p.] at: http://www.census.gov/prod/2007pubs/p60-233.pdf

August 28, 2007

Press release: http://www.census.gov/Press-Release/www/releases/archives/income_wealth/010583.html

“….. Real median household income in the United States climbed between 2005 and 2006, reaching $48,200, according to a report released today by the U.S. Census Bureau. This is the second consecutive year that income has risen.

Meanwhile, the nation’s official poverty rate declined for the first time this decade, from 12.6 percent in 2005 to 12.3 percent in 2006. There were 36.5 million people in poverty in 2006, not statistically different from 2005. The number of people without health insurance coverage rose from 44.8 million (15.3 percent) in 2005 to 47 million (15.8 percent) in 2006.

These findings are contained in the Income, Poverty, and Health Insurance Coverage in the United States: 2006 report. The data were compiled from information collected in the 2007 Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC). Also released today were income, poverty and earnings data from the 2006 American Community Survey (ACS) for states and metropolitan areas, counties, cities and American Indian/Alaska Native areas of 65,000 population or more and all congressional districts. (This year marks the first time that the population in group quarters such as prisons, college dorms, military barracks and nursing homes is included, so the 2006 estimates are not fully comparable to the 2005 estimates.) ….”