U.S. median household income rose again last year while the number of people in poverty continued to fall, according to government data on Tuesday that offered a snapshot of the economy before millions of American jobs were destroyed by the coronavirus pandemic.
The U.S. Census Bureau in an annual report said the 2019 median household income was $68,703 compared with $64,324 the prior year, a 6.8% increase -- the highest since the agency began tracking the data in 1967.
It also found that the nation’s poverty rate fell last year to 10.5%, a 1.3-percentage-point drop from 11.8% in 2018. Another supplemental measure of poverty that adjusts for government aid programs for low-income Americans found the rate was 11.7% last year, down from 12.8% in 2018. It also found another measure of economic wellbeing -- the number of people with health insurance for at least part of the year -- fell as 1 million fewer people reported having coverage. In 2019, 29.6 million people did not have such insurance compared with 28.6 million the year before.
The snapshot of last year’s economy offers a look back before the novel coronavirus outbreak hit the United States earlier this year, largely shuttering the economy as the country sought to contain the disease. Since then, more than 6.5 million people in the United States have contracted the highly contagious virus and more than 194,000 have died. Vast swaths of the economy were also devastated, sending unemployment rates to near-historic levels in the spring before an uptick in recent weeks.Our Standards:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Beyond negligent': Census workers describe logistical nightmare as deadline approachesOnly about 66% of households have so far self-responded to the census, with only a few weeks remaining to compile data that illustrates the racial makeup of America and helps determine the distribution of $1.5T in federal aid, Census Bureau says.
Weiterlesen »
Opinion | The Next Census BrawlFrom WSJopinion: Democrats are suing to delay the Census count into a Biden Presidency, which would allow them to control how the data is processed
Weiterlesen »
Texas officer charged with assault in fatal 2019 shootingBREAKING: A Texas police officer has been charged with aggravated assault in the fatal 2019 shooting of Pamela Turner, a Black woman, after a struggle over the officer's stun gun. The shooting occurred outside an apartment complex where they both lived.
Weiterlesen »
'Beyond negligent': Census workers describe logistical nightmare as deadline approachesOnly about 66% of households have so far self-responded to the census, with only a few weeks remaining to compile data that illustrates the racial makeup of America and helps determine the distribution of $1.5T in federal aid, Census Bureau says.
Weiterlesen »
Texas Officer Charged With Assault in Fatal 2019 Shooting of Black WomanA Texas police officer has been charged with assault for fatally shooting a woman after a struggle over the officer’s stun gun last year, prosecutors announced Monday
Weiterlesen »
IPO market gears up for busiest week since May 2019 — when Uber went public — with 12 deals on tapThe IPO market is gearing up for its busiest week since May of 2019 -- that was Uber's IPO week. Here's everything you need about the 12 companies that are expected to raise $6.8 billion.
Weiterlesen »