Slicing and dicing American poverty

Among the stats that stood out in today's Census Bureau report on income and poverty:

--Nearly one-third of the population had at least one spell of poverty lasting two or more months during the 4-year period from 2004 to 2007.

--The number of people in poverty in 2009 (43.6 million) is the largest number in the 51 years for which estimates have been published.

--For a single adult in 2009, the poverty line was $10,830 (pretax cash income); for a family of four, $22,050.

--Chronic poverty was relatively uncommon, with 2.2 percent of the population living in poverty for the entire period between 2004 and 2007.

--The median household income fell 0.7 percent, to $49,777 in 2009. More significantly, it's down 4.2 percent from 2007, before the recession.

--The poverty rate for non-Hispanic whites was 9.4 percent, for blacks 25.8 percent, for Hispanics 25.3 percent, and for Asians 12.5 percent.

--The top 20 percent of US households received 50.3 percent of pre-tax income in 2009. The bottom 40 percent got 12 percent.

--The percentage of people without health insurance increased to 16.7 percent in 2009 from 15.4 percent in 2008.

--The number of uninsured people increased to 50.7 million in 2009 from 46.3 million in 2008.

--The number of multifamily households jumped 11.6 percent from 2008 to 2010.

--The share of people age 25-34 living with their parents jumped to 13.4 percent in 2010 from 12.7 percent in 2008.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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