The U.S. Census Bureau today released some key figures on income, poverty, and health insurance coverage. Let's take a look at the income highlights:
Real median household income increased 1.3 percent, to $50,233, in 2007.
- Real median income (inflation-adjusted) for black and non-Hispanic white households rose in 2007 for the first time since 1999. It was flat for Asian and Hispanic households.
- Real median income rose in the Midwest and the South, declined in the Northeast and was flat in the West.
- Income for foreign-born households with a householder who was not a U.S. citizen dropped by 7.3 percent, to $37,637.
- Women who worked full time, year-round, earned 78 percent of what corresponding men earned. But both men and women saw an increase in real earnings after three years of declines.
- Income inequality decreased in 2007 from 2006. The top fifth of the nation's households saw a decline, while aggregate income grew for the third and fourth quintiles.