Categories
Quick Analysis

Census Bureau reports decline in prosperity

A U.S. Census Bureau study reveals shocking statistics about the decline in American prosperity—particularly for the middle class.

According to the report, “income declined for non-Hispanic White households, households maintained by a native-born householder, households in the West and those inside principal cities of metropolitan statistical areas. The 2014 poverty rate increased for two groups: people aged 25 and older with at least a bachelor’s degree and married-couple families.”

Median income declined in 2014, from $54,462 in 2013 to $53,657 in 2014. The 2014 figure is 6.5% lower than 2007. The overall 2014 poverty rate was 2.3 percentage points higher than in 2007.

Interestingly, the real median income of households maintained by a foreign born person increased by 4.3 percent between 2013 and 2014. In contrast, the median income of households maintained by a native-born person declined 2.3 percent. The income of households maintained by a foreign-born person increased 4.3 percent, from $47,561 to $49,592; while the median income of households maintained by a native-born person declined 2.3 percent, from $55,989 to $54,678. The last increase for nonfamily households was in 2009.

The Census Bureau report notes that neither the real median earnings of men ($50,383) and women ($39,621) who worked full time year round has experienced a significant annual increase in median earnings since 2009.

The real median income of nonHispanic White households declined by 1.7 percent between 2013 and 2014, from $61,317 to $60,256. For Black, Asian, and Hispanic-origin households, the 2013-2014 percentage changes in real median household income were not statistically significant Non-Hispanic White and Black households last experienced an annual increase in median income in 2007, and Asian household’s last annual increase was in 1999. Hispanic households experienced an annual increase in 2013.

On the other hand, you can get mouthsofthesouth.com levitra price a highly satisfactory penile erection which results into satisfactory penetration. It doesn’t make a difference how viagra discounts old you are biologically is fundamentally under your own control,’ Kenton says. Men look up to such herbal and natural supplements to work on a variety of problems or just to improve their overall performance in bed. http://mouthsofthesouth.com/wp-content/uploads/2020/09/MOTS-09.26.20-Little.pdf buy cialis They also can respond to herbal buy female viagra treatment. 1. Among the race groups, Asian households had the highest median income in 2014 ($74,297). The median income of non-Hispanic White households was $60,256, and for Black households it was $35,398. For Hispanic households, the median income was $42,491. The real median income of Asian households in 2014 was not statistically different from the pre-2001- recession peak. Whereas, household income in 2014 was 4.0 percent lower for non-Hispanic Whites (from $62,762 in 1999), 13.2 percent lower for Blacks (from $40,783 in 2000),  The difference between the real median income of Asian households in 2014 and 2000 was not statistically significant. and 6.8 percent lower for Hispanics (from $45,596 in 2000)

Households with the highest median household incomes were in the Northeast ($59,210) and the West. The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. The Midwest region includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. The South region includes Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia, and the District of Columbia, a state equivalent. The West region includes Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. ($57,688), followed by the Midwest ($54,267) and the South ($49,655).

In 2014, households within metropolitan areas but outside principal cities had the highest median income ($61,600), while households outside metropolitan areas had the lowest ($45,482). Between 2013 and 2014, the real income of households inside principal cities declined 3.5 percent, while the changes in median incomes of households for the remaining three residential categories shown in Table 1 were not statistically significant.

For family households, married-couple households had the highest median income in 2014 ($81,025), followed by households maintained by men with no wife present ($53,684). Those maintained by women with no husband present had the lowest median ($36,151).

The Pew research organization noted earlier this year “the growing percentage of households paying 30 percent (the federal standard for housing affordability) or more of their income on housing illustrates that it is increasingly difficult for many American families to make ends meet.”