What was the average income in 2007?
What was the average income in 2007?
Numbers released by the U.S. Census Bureau this morning show that the inflation-adjusted incomes of median households rose by 1.3% in 2007 from the previous year, from $49,568 in 2006 to $50,233 in 2007 (2007 dollars), while the overall poverty rate or increased slightly, from 12.3% to 12.5%.
What is the median annual income in the US?
Median household income was $67,521 in 2020, a decrease of 2.9 percent from the 2019 median of $69,560 (Figure 1 and Table A-1).
What was the median income in 2009?
Median household income in the United States from 1990 to 2020 (in 2020 U.S. dollars)
| Characteristic | Median income (2019 U.S. dollars) |
|---|---|
| 2011 | 54,673 |
| 2010 | 55,520 |
| 2009 | 57,010 |
| 2008 | 57,412 |
What was the average income in 2006?
In 2006, 17.3% of households had incomes exceeding $100,000, compared to slightly less than 6% of individuals. Overall the median household income was $46,326 in 2006 while the median personal income (including only those above the age of 25) was $32,140.
What was the poverty rate in 2007?
12.5%
The poverty rate in 2007 was 12.5%, not statistically different from 2006. Some 37.3 million people were poor in 2007? up from about 36.5 million in 2006. For people 65 and older and those 18 to 64, the poverty rate remained statistically unchanged at 9.7% and 10.9%, respectively.
What is the average income of a middle class person?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| California | $111,206 | $80,440 |
| Massachusetts | $85,567 | $85,843 |
| Colorado | $81,602 | $77,127 |
| Washington | $81,203 | $78,687 |
What was the average salary in 2005?
$55,238
While incomes have been on the rise since 2002, the average income in 2005 was $55,238, still nearly 1 percent less than the $55,714 in 2000, after adjusting for inflation, analysis of new tax statistics show.
What was the poverty rate in 2008?
13.2 percent
Today, the U.S. Census Bureau announced that the U.S. poverty rate reached 13.2 percent in 2008. Even this significant increase from the 12.5 percent rate in 2007 surely understates the share of Americans struggling to make ends meet today in September 2009.
How many people did the 2008 recession push into poverty?
The Census Bureau showed the overall poverty rate rose to 14.3% in 2009 from 13.2% in 2008, an increase that added 3.7 million people to the ranks of the poor. One-third of those people were children. Among working-age people, the poverty rate reached an all-time high of 12.9%.