Income Down, Poverty Up Since 2000

Source: Joint Economic Committee, press release, August 28, 2007

Follow up to August 28, 2007 posting Census Bureau Reports Household Income Rises, Poverty Rate Declines, see today’s press release: “Senator Charles E. Schumer, Chairman of the Joint Economic Committee (JEC) and Rep. Carolyn B. Maloney, Vice Chair of the JEC, today reacted to the U.S. Census Bureau’s release of its 2006 report on income, poverty and health insurance coverage in the United States. Although median household income rose slightly in 2006, after adjusting for inflation, the report showed that all but the richest of American households have seen their incomes decline since 2000. The Census Bureau also revealed that while the national poverty rate declined by 0.3% in 2006, the number of people in poverty living in poverty has risen by 4.9 million since 2000, an increase in the poverty rate of one percentage point. Additionally, the number of children under 18 in poverty has skyrocketed under the Bush Administration, rising 10.7 percent in the last 6 years.”

The JEC also released three fact sheets taking an in depth look at the findings in the Census Report:
The Number of Americans without Health Insurance Rose Again in 2006
Household Income Up Slightly in 2006, but Down Since 2000
Nearly One in Eight Americans Living in Poverty

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