Archive for the ‘Income’ Category

2013 poverty and income results: Rising tide lifts a few boats, but the levee needs work.

September 16th, 2014

They’re out and I’ve got an extensive analysis up at PostEverything. For here, some highlights. –The poverty rate fell more than I expected last year–down half-a-percentage point from 15% in 2012 to 14.5% in 2013. It was fully driven by a sharp decline in child poverty rate, which fell almost two percentage points, from 21.8%… Read more

Tomorrow is poverty/income day!

September 15th, 2014

IE, tomorrow AM the Census Bureau will host a webinar wherein they release poverty and household income results for 2013. I’ve got some speculation as to what we might see over at the Upshot. As you’ll see, it looks to me like inequality and fiscal drag have dampened gains in poverty and median household incomes,… Read more

Absent full employment or a bubble, middle class income and wealth will fall.

September 15th, 2014

Robert Samuelson covers some useful ground this morning, reviewing income and net worth trends from the recent Survey of Consumer Finances, a triennial (it comes out every three years) survey of family income and wealth. I wanted to add a few points regarding timing of the trends he cites. First, Samuelson notes that if you… Read more

A Simple Picture of Inequality

September 4th, 2014

The Federal Reserve’s Survey of Consumer Finance (SCF) findings for 2013 are just out. It will take a bit to absorb them all—this is a rich data set with data not just on income, but on wealth as well, including debt. That makes it a key source for information on household net worth. But I… Read more

An Awfully Bleak Poll

August 28th, 2014

Clearly, there are a lot of people who feel that the economic recovery–over five years old by now, at least by the official count–isn’t reaching them. That’s a central result from a pretty gloomy poll out today from Rutgers University. I put some thoughts and data together over at PostEverything, showing the gaps between real GDP growth, corporate… Read more