Posted September 16, 2014 at 11:51 am by David Cooper

By the Numbers: Income and Poverty, 2013

Key numbers from today’s new Census report, Income and Poverty in the United States: 2013. All dollar values are adjusted for inflation (2013 dollars).

Income

  • -$7,337  (-11.2%)
     The decline in median non-elderly household income from 2000 to 2013 in level terms and percentage terms, respectively
  • $52,419 vs. $50,033
    Median earnings for a man working full time, full year in 1973 and 2013, respectively
  • $29,687 vs. $39,157
    Median earnings for a woman working full time, full year in 1973 and 2013, respectively
  • -6.8% vs. -0.5%
    The decline since 2000 in median earnings for full time, full year workers age 25 or older with a college degree, men and women, respectively
  • 0.5% ($1,542)
    Income gains for the top 5 percent over 2009–2013 (this was the only income group to experience gains)
  • -$3,445  (-5.6%)
     The decline in median white, non-Hispanic household income from 2000 to 2013, in level terms and percentage terms, respectively
  • -$5,533  (-13.8%)
     The decline in median African American household income from 2000 to 2013, in level terms and percentage terms, respectively
  • -$3,904  (-8.7%)
     The decline in median Hispanic household income from 2000 to 2013, in level terms and percentage terms, respectively

Poverty

  • 14.5% (-0.5 ppt)
    The share of the population in poverty in 2013 and the decline from 2012
  • 19.9% (-1.9 ppt)
    The percent of children under 18 in poverty in 2013 and the decline from 2012
  • 45.3 million
    The number of people in poverty in 2013 (not a significant change from 2012)
  • $23,624
    The poverty threshold for a family of four with two children
  • 43.8%
    The share of the poor population in “deep poverty,” or below half the poverty line, in 2013
  • 14.7 million
    The increase in the number of people age 65 and older who would be in poverty if Social Security payments were excluded from money income (this would increase the number of elderly in poverty in 2013 by nearly 350%)
  • 1.2 million
     The number of people unemployment insurance kept out of poverty in 2013
  • 3.7 million
     How many fewer people would be in poverty if food stamps (SNAP) were added to money income in 2013

 

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