Tag: census data
The headline from this year’s Census Bureau’s publications on Income, Poverty, and Health Insurance Coverage in the United States is fewer Americans are living in poverty but fewer also have health insurance. Both of these developments are newsworthy. The reduction in the poverty rate is good news and reflects several years of a strong economy. …
The brief’s key findings are: Some claim that retirees are better off than many think, because Census’s Current Population Survey (CPS) does not capture most 401(k)/IRA income. Indeed, the CPS dramatically under-reports 401(k)/IRA income, a serious problem given the shift from defined benefit to defined contribution plans. Interestingly, though, the problem is largely concentrated among upper-income households, whic…
